-

DINGDONG SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Dingdong (Cayman) Limited - DDL

NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 24, 2022 to file lead plaintiff applications in a securities class action lawsuit against Dingdong (Cayman) Limited (NYSE: DDL), if they purchased or acquired the Company’s American Depository Shares (“ADS”) pursuant and/or traceable to the Company’s June 2021 initial public offering (the “IPO”). This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased or acquired ADS of Dingdong as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, 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/nyse-ddl/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 24, 2022.

About the Lawsuit

Dingdong and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement, violating federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company was disregarding food safety responsibilities, failing to deliver on its stated commitment to provide “fresh” groceries to customers; (ii) the Company’s quality control measures were inadequate, exposing it to an increased risk of regulatory and/or governmental scrutiny and enforcement; and (iii) as a result of the foregoing, the Company’s Registration Statement was materially false and misleading at all relevant times.

The case is Mccormack v. Dingdong (Cayman) Ltd., et al, No. 22-cv-7273.

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.

Contacts

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850

Industry:

Kahn Swick & Foti, LLC

NYSE:DDL
Release Versions
English

Contacts

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850

More News From Kahn Swick & Foti, LLC

ZoomInfo Investigation Initiated By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of ZoomInfo Technologies, Inc. – GTM, ZI

NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into ZoomInfo Technologies, Inc. (NasdaqGS: GTM). On August 5, 2024, the Company announced its financial results for 2Q2024, disclosing that it incurred a $33 million charge due to non-payments from customers and had been forced to implement a “new business risk model” to...

Destination XL Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Destination XL Group, Inc. - DXLG

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Destination XL Group, Inc. (NasdaqGM: DXLG) and FBB Holdings I, Inc. Upon closing of the proposed transaction, Destination XL shareholders will own 45% of the combined company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger is fair to Destina...

Diamond Hill Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Diamond Hill Investment Group, Inc. - DHIL

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Diamond Hill Investment Group, Inc. (NasdaqGS: DHIL) to First Eagle Investments. Under the terms of the proposed transaction, shareholders of Diamond Hill will receive $175.00 in cash for each share of Diamond Hill that they own. KSF is seeking to determine whether this consideration and the process...
Back to Newsroom