LOS ANGELES, CA / ACCESSWIRE / July 25, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of PDD Holdings Inc. ("PDD" or "the Company") (NASDAQ:PDD) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. PDD is the subject of a lawsuit filed by Arkansas Attorney General Tim Griffin which targets PDD's Temu marketplace for violations of the Arkansas Personal Information Protection Act. The Attorney General describe the Company's Temu platform as "functionally malware and spyware . . . purposefully designed to gain unrestricted access to a user's phone operating system" in order to "monetize [the] unauthorized collection of data."
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm