NEW YORK, March 30, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of DiDi Global Inc. (“DiDi” or the “Company”) (: DIDI). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether DiDi and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On March 11, 2022, media outlets reported that DiDi suspended preparation for its planned Hong Kong listing, following notice from the Cyberspace Administration of China that DiDi’s proposals to prevent security and data leaks had fallen short of requirements.
On this news, DiDi’s American Depositary Receipt (“ADR”) price fell $1.49 per ADR, or more than 44%, to close at $1.89 per share on March 11, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980
