NEW YORK, NY / ACCESSWIRE / July 12, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against Full Truck Alliance Co. Ltd. (NYSE:YMM).
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. FTA issued a press release on July 5, 2021, titled: 'Full Truck Alliance Announces Cybersecurity Review in China.' According to the Company's release, 'pursuant to an announcement issued by the Cybersecurity Review Office ('CRO') of the Cyberspace Administration of China on July 5, 2021, CRO has initiated a cybersecurity review of FTA's Yunmanman apps and Huochebang apps.' The Company further stated, 'in order to facilitate the review and prevent the expansion of potential risks, these mobile apps are required to suspend new user registration in China during the review period.' Based on this news, shares of FTA fell by more than 17.5% in intraday trading on July 6, 2021.
If you currently own stock or options in Full Truck Alliance Co. Ltd. and want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll free number (800) 321-0476 or via email at [email protected].
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Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com.
CONTACT:
David J. Schwartz
(800) 321-0476
[email protected]
SOURCE: Labaton Sucharow LLP