NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr announce that KSF has commenced an investigation into Grab Holdings Limited (NasdaqGS: GRAB, GRABW).
What You May Do
If you suffered losses exceeding $100,000 investing in Grab and would like to discuss your legal rights, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-grab/ to learn more.
On March 3, 2022, the Company announced its 4Q2021 results, disclosing “a 44% decline YoY” in revenue and a $1.1 billion loss for the quarter due to “invest[ing] heavily” in driver incentives and that it would take one or two quarters “to get that equilibrium between drivers and riders, between supply and demand.” On this news, shares of Grab fell $2.04, or 37.3%, to close at $3.28 per share on March 3, 2022, on unusually heavy trading volume.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.