ROSEN, GLOBAL INVESTOR COUNSEL, encourages investors of Full Truck Alliance Co. Ltd. with losses greater than $ 100,000 to inquire about class action investigation – YMM
NEW YORK, July 09, 2021 (GLOBE NEWSWIRE) –
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate possible securities claims on behalf of the shareholders of Full Truck Alliance Co. Ltd. (NYSE: YMM) resulting from allegations that Full Truck may have supplied the Public Investor.
SO WHAT: If you have purchased titles from Full Truck, you may be entitled to compensation without payment of any fees or direct charges under a contingency fee agreement. Rosen law firm is preparing a class action lawsuit to recover investors’ losses.
WHAT TO DO NEXT: To join the potential class action lawsuit, go to http://www.rosenlegal.com/cases-register-2114.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing firstname.lastname@example.org or email@example.com for information on the class action.
WHAT DOES IT TALK ABOUT: On or about June 22, 2021, Full Truck sold approximately 82.5 million US Depository Shares (“ADS”) as part of its initial public offering (“IPO”) at $ 19 per ADS, raising nearly $ 1.6 billion in new capital.
Then, on July 5, 2021, Full Truck issued a press release titled “Full Truck Alliance Announces Cybersecurity Review in China” which announced that “in accordance with an announcement issued by the Cybersecurity Review Office (” CRO “) of the Cyberspace Administration of China on July 5, 2021, CRO launched a cybersecurity review of Full Truck’s Yunmanman applications and Huochebang applications. ”The press release further revealed that“[i]In order to facilitate the review and avoid the expansion of potential risks, these mobile apps are required to suspend the registration of new users in China during the review period.
On this news, Full Truck’s ADS price has fallen below its IPO price, hurting investors.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies issuing opinions do not have significant experience, resources or recognition by their peers. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827