Shareholder alert: class action lawsuit filed on behalf of pdd holdings inc. (pdd) investors – holzer & holzer, llc encourages investors with significant losses to contact the firm

Atlanta, aug. 14, 2024 (globe newswire) -- a shareholder class action lawsuit has been filed against pdd holdings inc. (“pdd” or the “company”) (nasdaq: pdd) f/k/a pinduoduo inc. the lawsuit alleges that defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts regarding the company's business, operations, and prospects, including allegations that: (1) pdd's applications contained malware, which was designed to obtain user data without the user's consent, including reading private text messages; (2) pdd has no meaningful system to prevent goods made by forced labor from being sold on its platform, and has openly sold banned products on its temu platform; and (3) the foregoing subjected the company to a heightened risk of legal and political scrutiny.
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