LOS ANGELES--(BUSINESS WIRE)--National Shareholder Rights Law Firm Glancy Prongay & Murray LLP (“GPM”) 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.
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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, Pinduoduo’s share price fell, 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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