BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it has commenced an investigation on behalf of Pinduoduo Inc. (“Pinduoduo” or the “Company”) (NASDAQ: PDD) investors concerning the Company and its officers’ possible violations of federal securities laws.
On July 31, 2018 and August 1, 2018, media outlets reported that Chinese government agencies began investigating Pinduoduo after reports that third-party vendors were selling counterfeit goods on Pinduoduo’s group-discounting website. On this news, shares of Pinduoduo fell sharply during intraday trading on August 1, 2018, thereby injuring investors.
If you purchased Pinduoduo securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.