Dingdong (Cayman) (DDL) News
Market Cap: $372.84M
Avg Volume: 814.45K
Industry: Grocery Stores
Sector: Consumer Defensive
Dingdong Files Its Annual Report on Form 20-F
SHANGHAI , April 21, 2025 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on April 21, 2025. The Annual Report can be accessed on the Company's investor relations website at https://ir.100.me.
prnewswire.com
Read More
Dingdong (Cayman) Limited (DDL) Q4 2024 Earnings Call Transcript
Dingdong (Cayman) Limited (NYSE:DDL ) Q4 2024 Results Conference Call March 6, 2025 7:00 AM ET Company Participants Nicky Zheng - Director-Investor Relations Changlin Liang - Founder and Chief Executive Officer Song Wang - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Yuhan Liu - CICC Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the Dingdong Limited Fourth Quarter 2024 Earnings Conference Call.
seekingalpha.com
Read More
Dingdong Q4: Good End To The Year With Many Positives Going Into 2025
Dingdong (Cayman) Limited reported Q4 sales of $809m, with a positive market reaction and shares up 12.5%, driven by improved profitability and optimistic, albeit vague, guidance. The company has a strong balance sheet with $609m in liquidity, supporting potential aggressive expansion in China and possibly internationally. Dingdong's focus on expanding its user base and ARPU, along with developing higher-margin private-label products, indicates a promising growth trajectory.
seekingalpha.com
Read More
Dingdong (Cayman) Limited Announces Fourth Quarter 2024 Financial Results
SHANGHAI , March 6, 2025 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended December 31, 2024. Fourth Quarter 2024 Highlights: GMV for the fourth quarter of 2024 increased by 18.4% year over year to RMB6,546.6 million (US $896.9 million) from RMB5,530.3 million in the same quarter of 2023.
prnewswire.com
Read More
Dingdong Announces US$20.0 Million Share Repurchase Program
SHANGHAI , March 6, 2025 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), leading fresh grocery e-commerce company in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$20.0 million of its shares over a period until March 5, 2026. The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations.
prnewswire.com
Read More
Dingdong to Report Fourth Quarter 2024 Financial Results on March 6, 2025
SHANGHAI , March 3, 2025 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the fourth quarter ended December 31, 2024, before U.S. markets open on March 6, 2025. The Company will hold an earnings conference call at 7:00 A.M.
prnewswire.com
Read More
Dingdong: Turning Positive With Profit Beat And Favorable Prospects (Rating Upgrade)
Dingdong's Q3 2024 net income was +5% above consensus, as its revenue grew +27% YoY and its operating margin improved by +186 basis points YoY for the recent quarter. DDL's financial outlook for Q4 2024 and FY 2024 is positive, considering expectations of an increase in new frontline fulfillment station openings and an improvement in operating efficiency. I raise my rating for DDL to a Buy, taking into account its performance, prospects, and valuations.
seekingalpha.com
Read More
Dingdong (Cayman) Limited Announces Third Quarter 2024 Financial Results
SHANGHAI , Nov. 6, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights: GMV for the third quarter of 2024 increased by 28.3% year over year to RMB7,267.0 million (US$1,035.5 million) from RMB5,665.4 million in the same quarter of 2023.
prnewswire.com
Read More
Dingdong to Report Third Quarter 2024 Financial Results on November 6, 2024
SHANGHAI , Nov. 1, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, before U.S. markets open on November 6, 2024. The Company will hold an earnings conference call at 7:00 A.M.
prnewswire.com
Read More
Dingdong (Cayman) Limited (DDL) Q2 2024 Earnings Call Transcript
Dingdong (Cayman) Limited (NYSE:DDL ) Q2 2024 Earnings Conference Call August 7, 2024 8:00 AM ET Company Participants Nicky Zheng – Director-Investor Relations Changlin Liang – Founder and Chief Executive Officer Song Wang – Chief Financial Officer Conference Call Participants Thomas Chong – Jefferies Robin Leung – Daiwa Yang Bai – CICC Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to the Dingdong Limited Second Quarter 2024 Earnings Conference Call.
seekingalpha.com
Read More
Dingdong (Cayman) Limited Announces Second Quarter 2024 Financial Results
SHANGHAI , Aug. 7, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights: GMV for the second quarter of 2024 increased by 16.8% year over year to RMB6,218.7 million (US$855.7 million) from RMB5,322.4 million in the same quarter of 2023.
prnewswire.com
Read More
4 Penny Stocks Growing Earnings Over 300% This Year According to Wall Street Analysts
Penny stocks are an interesting category to follow.
247wallst.com
Read More
Dingdong to Report Second Quarter 2024 Financial Results on August 7, 2024
SHANGHAI , July 10, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2024, before U.S. markets open on August 7, 2024. The Company will hold an earnings conference call at 8:00 A.M.
prnewswire.com
Read More
Is Dingdong Cayman (DDL) Outperforming Other Retail-Wholesale Stocks This Year?
Here is how Dingdong (Cayman) Limited Sponsored ADR (DDL) and Itochu Corp. (ITOCY) have performed compared to their sector so far this year.
zacks.com
Read More
Dingdong (Cayman) Limited (DDL) Q1 2024 Earnings Call Transcript
Dingdong (Cayman) Limited (NYSE:DDL ) Q1 2024 Earnings Conference Call May 12, 2024 8:00 AM ET Company Participants Changlin Liang - Founder, Chief Executive Officer Song Wang - Chief Financial Officer Nicky Zheng - Director of Investor Relations Conference Call Participants Thomas Chong - Jeffries Robin Leung - Daiwa Xinyi (Jean) Chen - CIBC Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by.
seekingalpha.com
Read More
Dingdong (Cayman) Limited Announces First Quarter 2024 Financial Results
SHANGHAI , May 13, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended March 31, 2024. First Quarter 2024 Highlights: GMV for the first quarter of 2024 increased by 1.4% year over year to RMB5,525.1 million (US$765.2 million) from RMB5,451.2 million in the same quarter of 2023, while our same-store GMV grew by 4.4% year over year.
prnewswire.com
Read More
Dingdong to Report First Quarter 2024 Financial Results on May 13, 2024
SHANGHAI , April 29, 2024 /PRNewswire/ -- /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024, before U.S. markets open on May 13, 2024. The Company will hold an earnings conference call at 8:00 A.M.
prnewswire.com
Read More
Dingdong (Cayman) Limited (DDL) Q4 2023 Earnings Call Transcript
Dingdong (Cayman) Limited (NYSE:DDL) Q4 2023 Earnings Conference Call February 29, 2024 7:00 AM ET
seekingalpha.com
Read More
Dingdong (Cayman) Limited Announces Fourth Quarter 2023 Financial Results
SHANGHAI , Feb. 29, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended December 31, 2023. Fourth Quarter 2023 Highlights: Non-GAAP net income for the fourth quarter of 2023 was RMB16.3 million (US$2.3 million), the fifth consecutive quarter of non-GAAP profitability.
prnewswire.com
Read More
Dingdong to Report Fourth Quarter 2023 Financial Results on February 29, 2024
SHANGHAI , Feb. 22, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the fourth quarter ended December 31, 2023, before U.S. markets open on February 29, 2024. The Company will hold an earnings conference call at 7:00 A.M.
prnewswire.com
Read More
Dingdong Announces the Appointment of CFO and CHRO
SHANGHAI , Dec. 26, 2023 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, today announced the appointment of Mr. Song Wang, currently the director and senior vice president of the Company, as the chief financial officer (the "Chief Financial Officer") effective from December 26, 2023.
prnewswire.com
Read More
New Strong Buy Stocks for November 17th
DDL, FINW, SCS, PGR and ITGR have been added to the Zacks Rank #1 (Strong Buy) List on November 17, 2023.
zacks.com
Read More
Dingdong (Cayman) Limited (DDL) Q3 2023 Earnings Call Transcript
Dingdong (Cayman) Limited (NYSE:DDL ) Q3 2023 Results Conference Call November 16, 2023 7:00 AM ET Company Participants Nicky Zheng - Director of Investor Relations Changlin Liang - Founder and Chief Executive Officer Song Wang - Senior Vice President Conference Call Participants Thomas Chong - Jefferies Sophia Chi - Daiwa Jiajing Chen - CICC Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the Dingdong Limited Third Quarter 2023 Earnings Conference Call.
seekingalpha.com
Read More
Dingdong (Cayman) Limited Announces Third Quarter 2023 Financial Results
SHANGHAI , Nov. 16, 2023 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended September 30, 2023. Third Quarter 2023 Highlights: Net income for the third quarter of 2023 was RMB 2.1million (US$ 0.3million), showed a profit for another quarter since the fourth quarter of 2022.
prnewswire.com
Read More
Dingdong to Report Third Quarter 2023 Financial Results on November 16, 2023
SHANGHAI , Oct. 30, 2023 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2023, before U.S. markets open on November 16, 2023. The Company will hold an earnings conference call at 7:00 A.M.
prnewswire.com
Read More
Dingdong Announces the Change of Director
SHANGHAI , Sept. 8, 2023 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, today announced the appointment of Mr.
prnewswire.com
Read More
Dingdong (Cayman) Limited (DDL) Q2 2023 Earnings Call Transcript
Dingdong (Cayman) Limited (NYSE:DDL ) Q2 2023 Earnings Conference Call September 1, 2023 8:00 AM ET Company Participants Nicky Zheng - Director of Investor Relations Changlin Liang - Founder and Chief Executive Officer Song Wang - Senior Vice President Conference Call Participants Thomas Chong - Jefferies Joyce Ju - Bank of America Robin Leung - Daiwa Jiajing Chen - CICC Operator Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the Dingdong Limited Second Quarter 2023 Earnings Conference Call.
seekingalpha.com
Read More
Dingdong (Cayman) Limited Announces Second Quarter 2023 Financial Results
SHANGHAI , Sept. 1, 2023 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended June 30, 2023.
prnewswire.com
Read More
Dingdong to Report Second Quarter 2023 Financial Results on September 1, 2023
SHANGHAI , Aug. 17, 2023 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2023, before U.S. markets open on September 1, 2023. The Company will hold an earnings conference call at 8:00 A.M.
prnewswire.com
Read More
Why Shares of Dingdong, Gaotu Techedu, and RLX Technology Are Rising This Week
Investors and the Chinese government seem worried that the country's economic recovery might be stalling. Investors are also now optimistic that the Chinese government will soon roll out stimulus.
fool.com
Read More
Why Shares of Alibaba, Dingdong, and Baozun Are Rising Today
Signs of an economic slowdown in China seem to be driving the stimulus bets today. The market seems to like U.S. May jobs data, which was released earlier today.
fool.com
Read More
Why Shares of Kanzhun, RLX Technology, and Dingdong Are Falling This Week
Many analysts and investors have predicted a big economic rebound in China this year, but others say it's far from guaranteed. Investors are also growing concerned about a resurgence of COVID-19 cases.
fool.com
Read More
Dingdong (Cayman) Limited (DDL) Q1 2023 Earnings Call Transcript
Dingdong (Cayman) Limited (NYSE:DDL ) Q1 2023 Earnings Conference Call May 12, 2023 8:00 AM ET Company Participants Nicky Zheng - Director of Investor Relations Liang Changlin - Founder and Chief Executive Officer Yu Le - Chief Strategy Officer Conference Call Participants Ashley Xu - Credit Suisse AG Lixin Ju - Bank of America Merrill Lynch Thomas Chong - Jefferies LLC Chun-Yin Leung - Daiwa Securities Co. Ltd. Operator Good morning, and good evening, ladies and gentlemen.
seekingalpha.com
Read More
Why Shares of Alibaba, JD.com, and Dingdong Limited Are Falling Today
Dingdong's earnings were in line with expectations, but revenue missed consensus estimates. Weakening consumer demand seems to be weighing on Chinese stocks this week.
fool.com
Read More
Seed Talent Announces Innovative Data-Driven Learning™
CHICAGO, May 03, 2023 (GLOBE NEWSWIRE) — Seed Talent, the cannabis industry’s leading employee enablement platform, announced today the release of its proprietary, patent-pending Data-Driven Learning™ (DDL) tool. For the first time, companies can leverage their real-time data to improve their workforce and obtain measurable ROI for employee development initiatives. Seed’s novel technology leverages the […]...
headlinesoftoday.com
Read More
3 Penny Stocks With High Growth Potential in Emerging Markets
When we talk about a diversified portfolio, it would be a big mistake to ignore geographical diversification. In general, emerging markets will grow faster than developed markets through the decade.
investorplace.com
Read More
Why Shares of TAL Education Group, Dingdong, and Gaotu Techedu Are Rising This Week
Chinese stocks are moving higher this week, as the government continues to look to boost economic growth.
fool.com
Read More
Why Dingdong (Cayman) Limited Stock Was Moving Higher Today
The Chinese online grocer has turned profitable.
fool.com
Read More
Dingdong (Cayman) Limited (DDL) Q4 2022 Earnings Call Transcript
Dingdong (Cayman) Limited (NYSE:DDL ) Q4 2022 Earnings Conference Call February 13, 2023 8:00 AM ET Company Participants Changlin Liang - Founder and CEO Le Yu - Chief Scientific Officer Conference Call Participants Joyce Ju - Bank of America Securities Ashley Xu - Credit Suisse Thomas Chong - Jefferies Robin Leung - Daiwa Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the Dingdong Limited Fourth Quarter 2022 Earnings Conference Call.
seekingalpha.com
Read More
Dingdong to Report Fourth Quarter 2022 Financial Results on February 13, 2023
SHANGHAI , Feb. 6, 2023 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it plans to release its unaudited financial results for the fourth quarter of 2022 before the U.S. market opens on Monday, February 13, 2023. The Company's management will hold an earnings conference call at 8:00 A.M.
prnewswire.com
Read More
Strength Seen in Dingdong Cayman Limited Sponsored ADR (DDL): Can Its 21.2% Jump Turn into More Strength?
Dingdong Cayman Limited Sponsored ADR (DDL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
zacks.com
Read More
Dingdong (Cayman) Limited (DDL) Q3 2022 Earnings Call Transcript
Dingdong (Cayman) Limited (NYSE:DDL ) Q3 2022 Earnings Conference Call November 11, 2022 8:00 AM ET Company Participants Changlin Liang – Founder and Chief Executive Officer Le Yu – Chief Scientific Officer Conference Call Participants Ashley Xu – Credit Suisse Thomas Chong – Jefferies Robin Leung – Daiwa Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the Dingdong Limited Third Quarter 2022 Earnings Conference Call.
seekingalpha.com
Read More
Dingdong to Report Third Quarter 2022 Financial Results on November 11, 2022
SHANGHAI , Nov. 8, 2022 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it plans to release its unaudited financial results for the third quarter of 2022 before the U.S. market opens on Friday, November 11, 2022. The Company's management will hold an earnings conference call at 8:00 A.M.
prnewswire.com
Read More
3 Tech Stocks to Sell Pronto Before a Painful Downturn
Prior to some lackluster earnings reports from big-tech names, the Nasdaq rallied as much as 11% from its 52-week low, made two weeks ago. This had some investors thinking the risk-on trade was back and it was time to go in search of high-growth tech stocks to buy.
investorplace.com
Read More
Why Baidu, Dingdong, and Pinduoduo Stocks Crashed on Monday
Is any price cheap enough to pay for Chinese stocks under China's potential president-for-life?
fool.com
Read More
Deadline Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Dingdong (Cayman) LTD (DDL) Investors of Class Action and Last Few Hours to Actively Participate
NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Dingdong (Cayman) LTD (“Dingdong” or “the Company”) (NYSE: DDL) and its U.S. representatives, certain Dingdong directors and officers and the underwriters of the Dingdong’s June 2021 initial public offering (“IPO”), on behalf of all persons and entities that purchased, or otherwise acquired Dingdong American Depository Shares (“ADS”) pursuant and/or traceable to the Company’s IPO on or about June 28, 2021. Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/ddl. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws. The Complaint alleges that the Registration Statement and Prospectus used to effectuate the Company's IPO misstated and/or omitted facts concerning the Company's so-called commitment to ensuring the safety and quality of the food it distributes to the market. Despite claiming that it applies "stringent quality control across [its] entire supply chain to ensure product quality to [its] users," the Company sold food past its sell-by date. Consequently, the Company was, in fact, no better at providing or assuring access to "fresh" groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. Moreover, the foregoing conduct subjected the Company to an increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to (and did) negatively impact the Company's business, operations, and reputation. A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: www.bgandg.com/ddl, or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Dingdong, you have until October 24, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
businesswire.com
Read More
DDL MONDAY DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Dingdong (Cayman) LTD Investors With Losses Exceeding $100K to Secure Counsel Before Important October 24 Deadline in Securities Class Action – DDL
NEW YORK, Oct. 22, 2022 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Dingdong (Cayman) LTD (NYSE: DDL) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Dingdong’s June 2021 initial public offering (the “IPO”), of […]...
headlinesoftoday.com
Read More
DINGDONG 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Dingdong (Cayman) Limited - DDL
NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the 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 by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to 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.
businesswire.com
Read More
The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Dingdong (Cayman) Limited (DDL)
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 24, 2022 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL) American Depository Shares (“ADSs”) pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Dingdong’s June 2021 initial public stock offering (the “IPO”). If you are a shareholder who suffered a loss, click here to participate. In June 2021, Dingdong conducted its IPO, selling approximately 4.07 million ADSs at $23.50 per ADS. On March 17, 2022, Beijing News published a report stating that Chinese regulators launched a probe into Dingdong for food safety violations, alleging that the Company “replaced labels on expired vegetables and sold frozen fish products as fresh.” On this news, Dingdong’s ADS price fell $0.46, or 10.8%, to close at $3.37 per ADS on March 17, 2022, thereby injuring investors. Since the IPO, the Company’s ADSs have traded as low as $2.51 per share, or 89% below the IPO price. The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Dingdong was actively flouting its food safety responsibilities, failing to deliver on its stated commitment to provide “fresh” groceries to customers historically disserved by supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms; (2) Dingdong’s quality control measures, which were so heavily touted in the Registration Statement, were, in fact, inadequate, exposing Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Follow us for updates on Twitter: twitter.com/FRC_LAW. If you purchased or otherwise acquired Dingdong securities during the Class Period, you may move the Court no later than October 24, 2022 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
businesswire.com
Read More
DINGDONG FINAL DEADLINE: Scott+Scott Attorneys at Law LLP Reminds Investors That a Securities Class Action Has Been Filed Against Dingdong (Cayman) LTD (NYSE: DDL); Lead Plaintiff Deadline Is October 24, 2022
NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, reminds investors that it has filed a securities class action lawsuit against Dingdong (Cayman) LTD (NYSE: DDL) (“Dingdong” or the “Company”), its U.S. representatives, certain Dingdong directors and officers and the underwriters of the Dingdong’s June 2021 initial public offering (“IPO”), alleging violations of §§11, 12 and 15 of the Securities Act, 15 U.S.C. §§ 77k, 77l(a)(2), and 77o. CLICK HERE FOR MORE INFORMATION ABOUT JOINING THIS CLASS ACTION Dingdong purports to be a leading and the fastest growing on-demand e-commerce company in China. Dingdong’s mission is to “make fresh groceries as available as running water to every household.” According to the complaint filed in the Southern District of New York, the registration statement and prospectus used to effectuate the Company’s IPO misstated and/or omitted facts concerning Dingdong’s so-called commitment to ensuring the safety and quality of the food it distributes to the market. For example, despite claiming that it applies “stringent quality control across [its] entire supply chain to ensure product quality to [its] users,” Dingdong sold food past its sell-by date. Consequently, Dingdong was, in fact, no better at providing or assuring access to “fresh” groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. Moreover, the foregoing conduct subjected Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to (and did) negatively impact Dingdong’s business, operations, and reputation. In fact, as the truth about Dingdong’s business and its failure to meet its self-imposed food safety responsibilities reached the market, the value of the Company’s shares declined dramatically. By the commencement of the action, Dingdong’s shares traded as low as $2.51 per ADS, representing a decline of over 89% from the $23.50 IPO offering price. Lead Plaintiff Deadline The Lead Plaintiff deadline in this action is October 24, 2022. Any member of the proposed Class may seek to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed Class. What You Can Do – CLICK HERE If you purchased Dingdong ADS pursuant and/or traceable to the Company’s IPO, or if you have questions about this notice or your legal rights, you are encouraged to contact attorney Jonathan Zimmerman at (888) 398-9312 or jzimmerman@scott-scott.com. The lead plaintiff deadline is October 24, 2022. About Scott+Scott Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, Virginia, and Ohio. This may be considered Attorney Advertising.
businesswire.com
Read More
全球頂尖法律事務所ROSEN鼓勵叮咚（開曼）有限公司投資人在DDL證券集體訴訟的重要截止日期10月24日之前聘請律師
紐約--(BUSINESS WIRE)--(美國商業資訊)--原因：全球投資人權益法律事務所Rosen Law Firm提醒依據和/或可追溯至叮咚（開曼）有限公司(Dingdong (Cayman) LTD, NYSE: DDL)就2021年6月的首次公開發行（以下簡稱“IPO”）所發佈的登記聲明和相關招股說明書（以下統稱「登記聲明」）而購買叮咚證券的人士牢記，原告代表的截止日期為2022年10月24日。 這意味著什麼：依據和/或可追溯至登記聲明而購買了叮咚證券的人士，可能有機會透過勝訴分成安排而獲得賠償，無需支付任何自付費用或成本。 接下來該如何做：如欲加入叮咚集體訴訟，請造訪https://rosenlegal.com/submit-form/?case_id=9047、致電免費電話866-767-3653，或者寄送電子郵件至pkim@rosenlegal.com或cases@rosenlegal.com，與Phillip Kim律師連絡，瞭解有關集體訴訟的更多資訊。法律事務所已經提起了集體訴訟案。如果您希望擔任原告代表，則必須在2022年10月24日之前向法院提出申請。原告代表是代表其他集體成員主導訴訟的代表方。 為什麼選擇ROSEN LAW：我們鼓勵投資人選擇合格且在擔任領導職務方面有成功可查記錄的律師。通常，發佈通知的法律事務所並無可相比的經驗、資源或任何有意義的同儕認可。許多此類法律事務所實際上並不處理證券集體訴訟，而只是充當中間人，把客戶介紹給真正提起訴訟的法律事務所，或與真正提起訴訟的事務所合作。請務必明智選擇法律顧問。Rosen Law Firm在全球為投資人提供服務，專注於證券集體訴訟和股東派生訴訟。Rosen Law Firm曾針對一家中國公司發起了迄今規模最大的證券集體訴訟，並成功達成和解。2017年，Rosen Law Firm曾因其證券集體訴訟和解數量，而被ISS Securities Class Action Services評選為排名第一的法律事務所。自2013年以來，Rosen Law Firm每年都進入該排行榜的前四名，而且已為投資人追回數億美元的資金。事務所僅在2019年便為投資人追回了超過4.38億美元的資金。2020年，創始合夥人Laurence Rosen被law360評選為「最佳原告律師」(Titan of Plaintiffs’ Bar)。事務所的眾多律師都得到Lawdragon和Super Lawyers的表揚。 案件詳情：本訴訟認為，用於完成該公司IPO的登記聲明和招股說明書誤述和/或遺漏了相關事實，這些事實與叮咚所謂確保其向市場配銷的食品安全和品質的承諾有關。例如，儘管叮咚聲稱其「在[其]整個供應鏈中實行嚴格的品質控制，確保向[其]使用者提供的產品品質」，但叮咚所銷售的食品卻超過了保存期限。因此，事實上，叮咚在提供或確保消費者獲得「新鮮」食品方面，做得並不比該公司一再聲稱要取代的超市、中國傳統菜市場或傳統電子商務平臺更好。此外，上述行為使叮咚面臨更多的監管和/或政府審查和執法風險，所有這些一經揭露，將可能（而且確實）對叮咚的業務、經營和聲譽造成負面影響。事實上，當市場瞭解叮咚的業務及其未能履行其自我規定的食品安全責任的真相後，該公司的股票價值急劇下跌。截至提起訴訟時，叮咚的股票交易價格低至每ADS 2.51美元，與23.50美元的IPO發行價相比，跌幅超過89%。 如欲加入叮咚集體訴訟，請造訪https://rosenlegal.com/submit-form/?case_id=9047、致電免費電話866-767-3653，或者寄送電子郵件至pkim@rosenlegal.com或cases@rosenlegal.com，與Phillip Kim律師連絡，瞭解有關集體訴訟的更多資訊。 上述訴訟的集體尚未得到認證。在此之前，除受聘之外，律師將不會為個人提供法律服務。個人可自行選擇聘請律師，也可以作為缺席集體訴訟成員，且目前無需採取任何行動。投資人在未來任何可能的賠償中的分成金額與其是否為原告代表無關。 敬請在LinkedIn：https://www.linkedin.com/company/the-rosen-law-firm、Twitter：https://twitter.com/rosen_firm或Facebook：https://www.facebook.com/rosenlawfirm/關注我們，瞭解最新情況。 律師廣告。先前的結果並不保證可獲致類似結果。 免責聲明：本公告之原文版本乃官方授權版本。譯文僅供方便瞭解之用，煩請參照原文，原文版本乃唯一具法律效力之版本。
businesswire.com
Read More
全球顶尖律所ROSEN鼓励叮咚（开曼）有限公司投资者在DDL证券集体诉讼的重要截止日期10月24日之前聘请律师
纽约--(BUSINESS WIRE)--(美国商业资讯)--原因：全球投资者权益律师事务所Rosen Law Firm提醒依据和/或可追溯至叮咚（开曼）有限公司(Dingdong (Cayman) LTD, NYSE: DDL)因2021年6月的首次公开发行（以下简称“IPO”）而发布的登记声明和相关招股说明书（以下统称“登记声明”）而购买叮咚证券的人士牢记，首席原告的截止日期为2022年10月24日。 这意味着什么：依据和/或可追溯至登记声明而购买了叮咚证券的人士，可以通过风险代理费安排，有机会无需支付任何自付费用和花销而获得赔偿。 接下来该如何做：如需加入叮咚集体诉讼，请访问https://rosenlegal.com/submit-form/?case_id=9047、拨打免费电话866-767-3653或者发送电子邮件至pkim@rosenlegal.com或cases@rosenlegal.com联系Phillip Kim律师，了解有关集体诉讼的更多信息。律所已经提起了集体诉讼案。如果您希望担任首席原告，则必须在2022年10月24日之前向法院提出申请。首席原告是代表其他集体成员主导诉讼的代表方。 为什么选择ROSEN LAW：我们鼓励投资者选择有资质且在担任领导职务方面有着成功可查记录的律师。通常，发布通知的律所并无可相比的经验、资源或任何严谨的同行认可。许多此类律所实际上并不从事证券集体诉讼，只是充当中间人，将客户介绍给真正提起诉讼的律所，或与真正提起诉讼的律所合作。请务必明智选择法律顾问。Rosen Law Firm在全球范围内为投资者提供服务，专注于证券集体诉讼和股东派生诉讼。Rosen Law Firm曾针对一家中国公司发起了迄今规模最大的证券集体诉讼，并成功达成了和解。Rosen Law Firm曾因其证券集体诉讼和解数量，于2017年被ISS Securities Class Action Services评选为排名第一的律所。自2013年以来，Rosen Law Firm每年都进入了该榜单的前四强，而且为投资者追回了数亿美元的资金。律所仅在2019年便为投资者追回了超过4.38亿美元的资金。2020年，创始合伙人Laurence Rosen被law360评选为“最佳原告律师”(Titan of Plaintiffs’ Bar)。律所的众多律师都得到了Lawdragon和Super Lawyers的表彰。 案件详情：本诉讼认为，用于完成该公司IPO的登记声明和招股说明书误述和/或遗漏了相关事实，这些事实与叮咚所谓的确保其向市场销售的食品的安全和质量的承诺有关。例如，尽管叮咚声称其“在[其]整个供应链中实行严格的质量控制，确保向[其]用户提供的产品质量”，但叮咚所销售的食品却超过了保质期。因此，事实上，叮咚在提供或确保消费者获得“新鲜”食品方面，做得并不比该公司一再声称要取代的超市、中国传统菜市场或传统电子商务平台更好。此外，上述行为使叮咚面临更多的监管和/或政府审查和执法风险，所有这些一经披露，将可能（而且确实）对叮咚的业务、经营和声誉造成负面影响。事实上，当市场了解叮咚的业务及其未能履行其自我规定的食品安全责任的真相后，该公司的股票价值急剧下降。截至提起诉讼时，叮咚的股票交易价格低至每ADS 2.51美元，与23.50美元的IPO发行价相比，跌幅超过89%。 如需加入叮咚集体诉讼，请访问https://rosenlegal.com/submit-form/?case_id=9047、拨打免费电话866-767-3653或者发送电子邮件至pkim@rosenlegal.com或cases@rosenlegal.com联系Phillip Kim律师，了解有关集体诉讼的更多信息。 上述诉讼的集体尚未得到认证。在此之前，除受聘之外，律师将不会为个人提供法律服务。个人可自行选择聘请律师，也可以作为缺席集体诉讼成员，且目前无需采取任何行动。投资者在未来任何可能的赔偿中的分成金额大小与其是否作为首席原告无关。 敬请通过LinkedIn：https://www.linkedin.com/company/the-rosen-law-firm、Twitter：https://twitter.com/rosen_firm或Facebook：https://www.facebook.com/rosenlawfirm/关注我们，了解最新情况。 律师广告。先前的结果并不保证可实现类似结果。 免责声明：本公告之原文版本乃官方授权版本。译文仅供方便了解之用，烦请参照原文，原文版本乃唯一具法律效力之版本。
businesswire.com
Read More
ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Dingdong (Cayman) LTD Investors to Secure Counsel Before Important October 24 Deadline in Securities Class Action – DDL
NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Dingdong (Cayman) LTD (NYSE: DDL) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Dingdong’s June 2021 initial public offering (the “IPO”), of the important October 24, 2022 lead plaintiff deadline. SO WHAT: If you purchased Dingdong securities pursuant and/or traceable to the Registration Statement you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Dingdong class action, go to https://rosenlegal.com/submit-form/?case_id=9047 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 24, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, the registration statement and prospectus used to effectuate the Company’s IPO misstated and/or omitted facts concerning Dingdong’s so-called commitment to ensuring the safety and quality of the food it distributes to the market. For example, despite claiming that it applies “stringent quality control across [its] entire supply chain to ensure product quality to [its] users,” Dingdong sold food past its sell-by date. Consequently, Dingdong was, in fact, no better at providing or assuring access to “fresh” groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. Moreover, the foregoing conduct subjected Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to (and did) negatively impact Dingdong’s business, operations, and reputation. In fact, as the truth about Dingdong’s business and its failure to meet its self-imposed food safety responsibilities reached the market, the value of the Company’s shares declined dramatically. By the commencement of the action, Dingdong’s shares traded as low as $2.51 per ADS, representing a decline of over 89% from the $23.50 IPO offering price. To join the Dingdong class action, go to https://rosenlegal.com/submit-form/?case_id=9047 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome.
businesswire.com
Read More
ROSEN, A TOP RANKED FIRM, Encourages Dingdong (Cayman) LTD Investors With Losses to Secure Counsel Before Important October 24 Deadline in Securities Class Action – DDL
NEW YORK, Oct. 15, 2022 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Dingdong (Cayman) LTD (NYSE: DDL) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Dingdong’s June 2021 initial public offering (the “IPO”), of […]...
headlinesoftoday.com
Read More
Dingdong Cayman Limited Sponsored ADR (DDL) Moves to Strong Buy: Rationale Behind the Upgrade
Dingdong Cayman Limited Sponsored ADR (DDL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
zacks.com
Read More
EQUITY ALERT: Rosen Law Firm Encourages Dingdong (Cayman) LTD Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – DDL
NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Dingdong (Cayman) LTD (NYSE: DDL) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Dingdong’s June 2021 initial public offering (the “IPO”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 24, 2022. SO WHAT: If you purchased Dingdong securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Dingdong class action, go to https://rosenlegal.com/submit-form/?case_id=9047 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 24, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, the registration statement and prospectus used to effectuate the Company’s IPO misstated and/or omitted facts concerning Dingdong’s so-called commitment to ensuring the safety and quality of the food it distributes to the market. For example, despite claiming that it applies “stringent quality control across [its] entire supply chain to ensure product quality to [its] users,” Dingdong sold food past its sell-by date. Consequently, Dingdong was, in fact, no better at providing or assuring access to “fresh” groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. Moreover, the foregoing conduct subjected Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to (and did) negatively impact Dingdong’s business, operations, and reputation. In fact, as the truth about Dingdong’s business and its failure to meet its self-imposed food safety responsibilities reached the market, the value of the Company’s shares declined dramatically. By the commencement of the action, Dingdong’s shares traded as low as $2.51 per ADS, representing a decline of over 89% from the $23.50 IPO offering price. To join the Dingdong class action, go to https://rosenlegal.com/submit-form/?case_id=9047 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome.
businesswire.com
Read More
New Strong Buy Stocks for October 5th
SFL, TNK, AVNW, CPNG and DDL have been added to the Zacks Rank #1 (Strong Buy) List on October 5, 2022.
zacks.com
Read More
DINGDONG INVESTORS: 10/24/22 Filing Deadline in Securities Class Action – Contact Lieff Cabraser for More Details
SAN FRANCISCO--(BUSINESS WIRE)--National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP recommends Dingdong (Cayman) Ltd. (“Dingdong”) (NYSE: DDL) investors who suffered losses in connection with Dingdong’s June 2021 Initial Public Offering (“IPO”) contact our attorneys immediately regarding pending securities class action against Dingdong. The deadline to apply to be a lead plaintiff is October 24, 2022. Class Definition: Investors in Dingdong’s June 2021 IPO Lead Plaintiff Motion Deadline: October 24, 2022 For more information: https://www.lieffcabraser.com/securities/Dingdong/ Contact Lieff Cabraser: Email investorinfo@lchb.com or call 1-800-541-7358 The securities class action alleges that Dingdong, a grocery e-commerce company, misrepresented and omitted facts related to its commitment to the safety and quality of the groceries it delivers. On March 17, 2022, Beijing News published a report revealing that Chinese regulators were investigating Dingdong for food safety violations uncovered by local news outlets. On this news, the price of Dingdong’s American Depository Shares (“ADS”) fell $0.46, or 10.82%, from a closing price of $4.25 per ADS on March 16, 2022, to close at $3.79 per share on March 17, 2022, well below its IPO offering price of $23.50. About Lieff Cabraser Lieff Cabraser Heimann & Bernstein, LLP, with over 100 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a “Plaintiffs’ Powerhouse” by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $124 billion in verdicts and settlements. Lieff Cabraser is committed to ensuring access to justice for all.
businesswire.com
Read More
Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Dingdong (Cayman) Limited (DDL)
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming October 24, 2022 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL) American Depository Shares (“ADSs”) pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Dingdong’s June 2021 initial public stock offering (the “IPO”). If you suffered a loss on your Dingdong investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/dingdong-cayman-limited/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. In June 2021, Dingdong conducted its IPO, selling approximately 4.07 million ADSs at $23.50 per ADS. On March 17, 2022, Beijing News published a report stating that Chinese regulators launched a probe into Dingdong for food safety violations, alleging that the Company “replaced labels on expired vegetables and sold frozen fish products as fresh.” On this news, Dingdong’s ADS price fell $0.46, or 10.8%, to close at $3.37 per ADS on March 17, 2022, thereby injuring investors. Since the IPO, the Company’s ADSs have traded as low as $2.51 per share, or 89% below the IPO price. The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Dingdong was actively flouting its food safety responsibilities, failing to deliver on its stated commitment to provide “fresh” groceries to customers historically disserved by supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms; (2) Dingdong’s quality control measures, which were so heavily touted in the Registration Statement, were, in fact, inadequate, exposing Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Follow us for updates on LinkedIn, Twitter, or Facebook. If you purchased or otherwise acquired Dingdong ADSs pursuant and/or traceable to the IPO, you may move the Court no later than October 24, 2022 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, 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 shareholders@glancylaw.com, 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. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
businesswire.com
Read More
INVESTOR DEADLINE: Investors in Dingdong (Cayman) Ltd. with Substantial Losses Have Opportunity to Lead the Dingdong Class Action Lawsuit – DDL
SAN DIEGO--(BUSINESS WIRE)--Robbins Geller Rudman & Dowd LLP announces that the Dingdong class action lawsuit seeks to represent purchasers or acquirers of Dingdong (Cayman) Ltd. (NYSE: DDL) American Depository Shares (“ADSs”) pursuant or traceable to the F-1 registration statements (including all amendments made) and related prospectus on Form 424B4 (together, the “Registration Statement”) issued in connection with Dingdong’s June 29, 2021 initial public stock offering (the “IPO”). Captioned McCormack v. Dingdong (Cayman) Ltd., No. 22-cv-07273 (S.D.N.Y.), the Dingdong class action lawsuit charges Dingdong, certain of its top executives and directors, the IPO’s underwriters, and others with violations of the Securities Act of 1933. If you suffered substantial losses and wish to serve as lead plaintiff of the Dingdong class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-dingdong-cayman-ltd-class-action-lawsuit-ddl.html You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the Dingdong class action lawsuit must be filed with the court no later than October 24, 2022. CASE ALLEGATIONS: Dingdong purports to be a leading and the fastest growing on-demand e-commerce company in China. As part of Dingdong’s IPO, defendants issued approximately 4.07 million ADS to the investing public at $23.50 per ADS, all pursuant to the Registration Statement. And as the Registration Statement stated, Dingdong “embraced a user-centric philosophy” that is committed to “directly providing users and households . . . fresh produce, meat and seafood and other daily necessities through a convenient and excellent shopping experience supported by an extensive self-operated frontline fulfillment grid.” However, the Dingdong class action lawsuit alleges that the Registration Statement misrepresented Dingdong’s commitment to ensuring the safety and quality of the food it distributes to the market. Specifically, Dingdong was actively flouting its food safety responsibilities, selling, for example, dead fish to customers while marketing it as live fish and recycling vegetables that were past their sell-by date. In other words, Dingdong was no better at providing or assuring access to “fresh” groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. This, in turn, subjected Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to (and did) negatively impact Dingdong’s business, operations, and reputation. On March 17, 2022, a Beijing News report was published stating that Chinese regulators launched a probe into Dingdong for food safety violations uncovered by the local news. According to the report, Dingdong replaced labels on expired vegetables and sold frozen fish products as fresh. On this news, the price of Dingdong ADS declined by nearly 11%. By the commencement of the Dingdong class action lawsuit, Dingdong shares traded as low as $2.51 per ADS, representing a decline of over 89% from the $23.50 IPO offering price. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any purchaser or acquirer of Dingdong ADSs pursuant or traceable to the Registration Statement issued in connection with Dingdong’s IPO to seek appointment as lead plaintiff in the Dingdong class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Dingdong class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Dingdong class action lawsuit. An investor’s ability to share in any potential future recovery of the Dingdong class action lawsuit is not dependent upon serving as lead plaintiff. ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller Rudman & Dowd LLP is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone – more than triple the amount recovered by any other plaintiff’s firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices.
businesswire.com
Read More
Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Dingdong (Cayman) LTD (DDL) Investors of Class Action and Encourages Investors to Actively Participate
NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Dingdong (Cayman) LTD (“Dingdong” or “the Company”) (NYSE: DDL) and its U.S. representatives, certain Dingdong directors and officers and the underwriters of the Dingdong’s June 2021 initial public offering (“IPO”), on behalf of all persons and entities that purchased, or otherwise acquired Dingdong American Depository Shares (“ADS”) pursuant and/or traceable to the Company’s IPO on or about June 28, 2021. Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/ddl. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws. The Complaint alleges that the Registration Statement and Prospectus used to effectuate the Company's IPO misstated and/or omitted facts concerning the Company's so-called commitment to ensuring the safety and quality of the food it distributes to the market. Despite claiming that it applies "stringent quality control across [its] entire supply chain to ensure product quality to [its] users," the Company sold food past its sell-by date. Consequently, the Company was, in fact, no better at providing or assuring access to "fresh" groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. Moreover, the foregoing conduct subjected the Company to an increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to (and did) negatively impact the Company's business, operations, and reputation. A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: www.bgandg.com/ddl, or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Dingdong, you have until October 24, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
businesswire.com
Read More
Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Dingdong (Cayman) Limited (DDL)
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming October 24, 2022 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL) American Depository Shares (“ADSs”) pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Dingdong’s June 2021 initial public stock offering (the “IPO”). Investors suffering losses on their Dingdong investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. In June 2021, Dingdong conducted its IPO, selling approximately 4.07 million ADSs at $23.50 per ADS. On March 17, 2022, Beijing News published a report stating that Chinese regulators launched a probe into Dingdong for food safety violations, alleging that the Company “replaced labels on expired vegetables and sold frozen fish products as fresh.” On this news, Dingdong’s ADS price fell $0.46, or 10.8%, to close at $3.37 per ADS on March 17, 2022, thereby injuring investors. Since the IPO, the Company’s ADSs have traded as low as $2.51 per share, or 89% below the IPO price. The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Dingdong was actively flouting its food safety responsibilities, failing to deliver on its stated commitment to provide “fresh” groceries to customers historically disserved by supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms; (2) Dingdong’s quality control measures, which were so heavily touted in the Registration Statement, were, in fact, inadequate, exposing Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you purchased or otherwise acquired Dingdong ADSs pursuant and/or traceable to the IPO, you may move the Court no later than October 24, 2022 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you 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.
businesswire.com
Read More
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Dingdong (Cayman) Limited (DDL) Investors
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL) American Depository Shares (“ADSs”) pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Dingdong’s June 2021 initial public stock offering (the “IPO”). Dingdong investors have until October 24, 2022 to file a lead plaintiff motion. If you suffered a loss on your Dingdong investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/dingdong-cayman-limited/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. In June 2021, Dingdong conducted its IPO, selling approximately 4.07 million ADSs at $23.50 per ADS. On March 17, 2022, Beijing News published a report stating that Chinese regulators launched a probe into Dingdong for food safety violations, alleging that the Company “replaced labels on expired vegetables and sold frozen fish products as fresh.” On this news, Dingdong’s ADS price fell $0.46, or 10.8%, to close at $3.37 per ADS on March 17, 2022, thereby injuring investors. Since the IPO, the Company’s ADSs have traded as low as $2.51 per share, or 89% below the IPO price. The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Dingdong was actively flouting its food safety responsibilities, failing to deliver on its stated commitment to provide “fresh” groceries to customers historically disserved by supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms; (2) Dingdong’s quality control measures, which were so heavily touted in the Registration Statement, were, in fact, inadequate, exposing Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Follow us for updates on LinkedIn, Twitter, or Facebook. If you purchased or otherwise acquired Dingdong ADSs pursuant and/or traceable to the IPO, you may move the Court no later than October 24, 2022 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, 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 shareholders@glancylaw.com, 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. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
businesswire.com
Read More
INVESTOR ALERT: Investors in Dingdong (Cayman) Ltd. with Substantial Losses Have Opportunity to Lead the Dingdong Class Action Lawsuit – DDL
SAN DIEGO--(BUSINESS WIRE)--Robbins Geller Rudman & Dowd LLP announces that the Dingdong class action lawsuit seeks to represent purchasers or acquirers of Dingdong (Cayman) Ltd. (NYSE: DDL) American Depository Shares (“ADSs”) pursuant or traceable to the F-1 registration statements (including all amendments made thereto) and related prospectus on Form 424B4 (together, the “Registration Statement”) issued in connection with Dingdong’s June 29, 2021 initial public stock offering (the “IPO”). Captioned McCormack v. Dingdong (Cayman) Ltd., No. 22-cv-07273 (S.D.N.Y.), the Dingdong class action lawsuit charges Dingdong, certain of its top executives and directors, the IPO’s underwriters, and others with violations of the Securities Act of 1933. If you suffered substantial losses and wish to serve as lead plaintiff of the Dingdong class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-dingdong-cayman-ltd-class-action-lawsuit-ddl.html You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the Dingdong class action lawsuit must be filed with the court no later than October 24, 2022. CASE ALLEGATIONS: Dingdong purports to be a leading and the fastest growing on-demand e-commerce company in China. As part of Dingdong’s IPO, defendants issued approximately 4.07 million ADS to the investing public at $23.50 per ADS, all pursuant to the Registration Statement. And as the Registration Statement stated, Dingdong “embraced a user-centric philosophy” that is committed to “directly providing users and households . . . fresh produce, meat and seafood and other daily necessities through a convenient and excellent shopping experience supported by an extensive self-operated frontline fulfillment grid.” However, the Dingdong class action lawsuit alleges that the Registration Statement misrepresented Dingdong’s commitment to ensuring the safety and quality of the food it distributes to the market. Specifically, Dingdong was actively flouting its food safety responsibilities, selling, for example, dead fish to customers while marketing it as live fish and recycling vegetables that were past their sell-by date. In other words, Dingdong was no better at providing or assuring access to “fresh” groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. This, in turn, subjected Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to (and did) negatively impact Dingdong’s business, operations, and reputation. On March 17, 2022, a Beijing News report was published stating that Chinese regulators launched a probe into Dingdong for food safety violations uncovered by the local news. According to the report, Dingdong replaced labels on expired vegetables and sold frozen fish products as fresh. On this news, the price of Dingdong ADS declined by nearly 11%. By the commencement of the Dingdong class action lawsuit, Dingdong shares traded as low as $2.51 per ADS, representing a decline of over 89% from the $23.50 IPO offering price. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any purchaser or acquirer of Dingdong ADSs pursuant or traceable to the Registration Statement issued in connection with Dingdong’s IPO to seek appointment as lead plaintiff in the Dingdong class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Dingdong class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Dingdong class action lawsuit. An investor’s ability to share in any potential future recovery of the Dingdong class action lawsuit is not dependent upon serving as lead plaintiff. ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller Rudman & Dowd LLP is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone – more than triple the amount recovered by any other plaintiff’s firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices.
businesswire.com
Read More
The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Dingdong (Cayman) Limited (DDL) Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL) American Depository Shares (“ADSs”) pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Dingdong’s June 2021 initial public stock offering (the “IPO”). Dingdong investors have until October 24, 2022 to file a lead plaintiff motion. If you are a shareholder who suffered a loss, click here to participate. In June 2021, Dingdong conducted its IPO, selling approximately 4.07 million ADSs at $23.50 per ADS. On March 17, 2022, Beijing News published a report stating that Chinese regulators launched a probe into Dingdong for food safety violations, alleging that the Company “replaced labels on expired vegetables and sold frozen fish products as fresh.” On this news, Dingdong’s ADS price fell $0.46, or 10.8%, to close at $3.37 per ADS on March 17, 2022, thereby injuring investors. Since the IPO, the Company’s ADSs have traded as low as $2.51 per share, or 89% below the IPO price. The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Dingdong was actively flouting its food safety responsibilities, failing to deliver on its stated commitment to provide “fresh” groceries to customers historically disserved by supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms; (2) Dingdong’s quality control measures, which were so heavily touted in the Registration Statement, were, in fact, inadequate, exposing Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Follow us for updates on Twitter: twitter.com/FRC_LAW. If you purchased Dingdong ADSs during the Class Period, you may move the Court no later than October 24, 2022 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you purchased Dingdong ADSs, 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
businesswire.com
Read More
INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Dingdong (Cayman) Limited (DDL) Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL) American Depository Shares (“ADSs”) pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Dingdong’s June 2021 initial public stock offering (the “IPO”). Dingdong investors have until October 24, 2022 to file a lead plaintiff motion. Investors suffering losses on their Dingdong investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. In June 2021, Dingdong conducted its IPO, selling approximately 4.07 million ADSs at $23.50 per ADS. On March 17, 2022, Beijing News published a report stating that Chinese regulators launched a probe into Dingdong for food safety violations, alleging that the Company “replaced labels on expired vegetables and sold frozen fish products as fresh.” On this news, Dingdong’s ADS price fell $0.46, or 10.8%, to close at $3.37 per ADS on March 17, 2022, thereby injuring investors. Since the IPO, the Company’s ADSs have traded as low as $2.51 per share, or 89% below the IPO price. The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Dingdong was actively flouting its food safety responsibilities, failing to deliver on its stated commitment to provide “fresh” groceries to customers historically disserved by supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms; (2) Dingdong’s quality control measures, which were so heavily touted in the Registration Statement, were, in fact, inadequate, exposing Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you purchased Dingdong ADSs, 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.
businesswire.com
Read More
Dingdong Shareholder Update: Robbins LLP Reminds Investors of Class Action Against Dingdong Ltd. (DDL)
SAN DIEGO--(BUSINESS WIRE)--The Class: Shareholder rights law firm Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons who purchased or otherwise acquired Dingdong Ltd. (NYSE: DDL) American Depository Shares ("ADS") pursuant or traceable to the Company's June 2021 initial public offering ("IPO"), for violations of the Securities Act of 1933. Dingdong purports to be a leading and the fastest growing on-demand e-commerce company in China. If you would like more information about Dingdong Ltd.'s misconduct, click here. What is this Case About: Dingdong Ltd. (DDL) Misrepresented the Quality of its Food Products According to the complaint, in June 2021, defendants issued approximately 4.07 million ADS to the investing public at $23.50 per ADS, all pursuant to the Registration Statement. According to the Registration Statement, Dingdong’s mission is to “make fresh groceries as available as running water to every household.” To achieve this end, Dingdong has purportedly “embraced a user-centric philosophy” that is committed to “directly providing users and households . . . fresh produce, meat and seafood and other daily necessities through a convenient and excellent shopping experience supported by an extensive self-operated frontline fulfillment grid.” Critically, Dingdong differentiates itself from its competitors by claiming to “procure . . . products primarily from direct upstream sources such as farms and cooperatives,” “apply stringent quality control across [its] entire supply chain to ensure product quality to [its] users,” and rely on its “frontline fulfillment grid and robust, digitalized fulfillment capabilities . . . [to] deliver . . . orders within 30 minutes.” Unbeknownst to prospective investors, however, the Registration Statement misrepresented Dingdong’s commitment to ensuring the safety and quality of the food it distributes to the market. In fact, Dingdong was actively flouting its food safety responsibilities, by selling, for example, dead fish to customers while marketing it as live fish and recycling vegetables that were past their sell-by date. These issues were occurring with enough frequency that Chinese regulators began scrutinizing Dingdong’s supply chain inputs, including its own facilities, which was likely to (and did) negatively impact Dingdong’s business, operations, and reputation. Soon the media began reporting on the issues. On March 17, 2022, a Beijing News published a report stating that Chinese regulators launched a probe into the Company for food safety violations uncovered by the local news. According to the report, “Dingdong replaced labels on expired vegetables and sold frozen fish products as fresh.” On this news, the price of Dingdong’s ADS declined over 10.8%, to close at $3.79 per ADS on March 17, 2022. By the commencement of the class action, Dingdong’s shares traded as low as $2.51 per ADS, representing a decline of over 89% from the $23.50 IPO offering price. Next Steps: If you acquired shares of Dingdong Ltd. pursuant to the Company's IPO, you have until October 25, 2022, to ask the court to appoint you lead plaintiff for the class. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. Contact us to learn more: Aaron Dumas (800) 350-6003 adumas@robbinsllp.com Shareholder Information Form About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Dingdong Ltd. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome.
businesswire.com
Read More
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Dingdong (Cayman) Limited (DDL) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL) investors concerning the Company’s possible violations of the federal securities laws. If you suffered a loss on your Dingdong investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/dingdong-cayman-limited/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. In June 2021, Dingdong conducted its initial public offering (“IPO”), selling approximately 4.07 American Depository Shares (“ADS”) at $23.50 per ADS. On March 17, 2022, Beijing News published a report stating that Chinese regulators launched a probe into Dingdong for food safety violations, alleging that the Company “replaced labels on expired vegetables and sold frozen fish products as fresh.” On this news, Dingdong’s ADS price fell $0.46, or 10.8%, to close at $3.37 per ADS on March 17, 2022, thereby injuring investors. Since the IPO, the Company’s ADSs have traded as low as $2.51 per share, or 89% below the IPO price. Follow us for updates on LinkedIn, Twitter, or Facebook. Whistleblower Notice: Persons with non-public information regarding Dingdong should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com. About GPM Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPM’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM’s lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPM’s attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPM’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
businesswire.com
Read More
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Dingdong (Cayman) Limited (DDL) on Behalf of Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL) investors concerning the Company’s possible violations of federal securities laws. In June 2021, Dingdong conducted its initial public offering (“IPO”), selling approximately 4.07 American Depository Shares (“ADS”) at $23.50 per ADS. On March 17, 2022, Beijing News published a report stating that Chinese regulators launched a probe into Dingdong for food safety violations, alleging that the Company “replaced labels on expired vegetables and sold frozen fish products as fresh.” On this news, Dingdong’s ADS price fell $0.46, or 10.8%, to close at $3.37 per ADS on March 17, 2022, thereby injuring investors. Since the IPO, the Company’s ADSs have traded as low as $2.51 per share, or 89% below the IPO price. If you purchased Dingdong 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.
businesswire.com
Read More
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.
businesswire.com
Read More
DINGDONG ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Dingdong (Cayman) Ltd. and Encourages Investors to Contact the Firm
NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Dingdong (Cayman) Ltd. (“Dingdong” or the “Company”) (NYSE: DDL) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired Dingdong securities pursuant to the Company’s June 29, 2021 IPO, both dates inclusive (the “Class Period”). Investors have until October 24, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. Dingdong purports to be a leading and the fastest growing on-demand e-commerce company in China. Dingdong conducted its IPO in New York, and its ADS are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “DDL.” In June 2021, as part of Dingdong’s IPO, Defendants issued approximately 4.07 million ADS to the investing public at $23.50 per ADS, all pursuant to the Registration Statement. According to the Registration Statement, Dingdong’s mission is to “make fresh groceries as available as running water to ever household.” To achieve this end, Dingdong has purportedly “embraced a user-centric philosophy” that is committed to “directly providing users and householders… fresh produce, mean and seafood and other daily necessities through a convenient and excellent shopping experience supported by an extensive self-operated frontline fulfillment grid [emphasis added].” Critically, Dingdong differentiates itself from its competitors by claiming to “procure… products primarily form direct upstream sources such as farms and cooperatives,” “apply stringent quality control across [its] entire supply chain to ensure product quality to [its] users,” and rely on its “frontline fulfillment grid and robust, digitalized fulfillment capabilities… [to] deliver… orders within 30 minutes [emphasis added].” Unbeknownst to prospective investors, however, the Registration Statement misrepresented Dingdong’s commitment to ensuring the safety and quality of the food it distributes to the market. In fact, Dingdong was actively flouting its food safety responsibilities, selling, for example, dead fish to customers while marketing it as live fish and recycling vegetables that were past their sell-by date. In other words, Dingdong was no better at providing or assuring access to “fresh” groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. The foregoing conduct subjected Dingdong to increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to (and did) negatively impact Dingdong’s business, operations, and reputation. By omitting these facts, ADS purchasers were unable to adequately assess the value of the shares offered in connection with the IPO, and thus purchased their ADS without material information and to their detriment. According to the Complaint, the Company’s public statements throughout the IPO period were false and materially misleading. When the market learned the truth about Dingdong, investors suffered damages. If you purchased or otherwise acquired Dingdong shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
businesswire.com
Read More
Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Dingdong Ltd. (DDL)
SAN DIEGO--(BUSINESS WIRE)--The Class: Shareholder rights law firm Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons who purchased or otherwise acquired Dingdong Ltd. (NYSE: DDL) American Depository Shares (“ADS”) pursuant or traceable to the Company’s June 2021 initial public offering (“IPO”), for violations of the Securities Act of 1933. Dingdong purports to be a leading and the fastest growing on-demand e-commerce company in China. If you would like more information about Dingdong Ltd.’s misconduct, click here. What is this Case About: Dingdong Ltd. (DDL) Misrepresented the Quality of its Food Products According to the complaint, in June 2021, defendants issued approximately 4.07 million ADS to the investing public at $23.50 per ADS, all pursuant to the Registration Statement. According to the Registration Statement, Dingdong’s mission is to “make fresh groceries as available as running water to every household.” To achieve this end, Dingdong has purportedly “embraced a user-centric philosophy” that is committed to “directly providing users and households . . . fresh produce, meat and seafood and other daily necessities through a convenient and excellent shopping experience supported by an extensive self-operated frontline fulfillment grid.” Critically, Dingdong differentiates itself from its competitors by claiming to “procure . . . products primarily from direct upstream sources such as farms and cooperatives,” “apply stringent quality control across [its] entire supply chain to ensure product quality to [its] users,” and rely on its “frontline fulfillment grid and robust, digitalized fulfillment capabilities . . . [to] deliver . . . orders within 30 minutes.” Unbeknownst to prospective investors, however, the Registration Statement misrepresented Dingdong’s commitment to ensuring the safety and quality of the food it distributes to the market. In fact, Dingdong was actively flouting its food safety responsibilities, by selling, for example, dead fish to customers while marketing it as live fish and recycling vegetables that were past their sell-by date. These issues were occurring with enough frequency that Chinese regulators began scrutinizing Dingdong’s supply chain inputs, including its own facilities, which was likely to (and did) negatively impact Dingdong’s business, operations, and reputation. Soon the media began reporting on the issues. On March 17, 2022, a Beijing News published a report stating that Chinese regulators launched a probe into the Company for food safety violations uncovered by the local news. According to the report, “Dingdong replaced labels on expired vegetables and sold frozen fish products as fresh.” On this news, the price of Dingdong’s ADS declined over 10.8%, to close at $3.79 per ADS on March 17, 2022. By the commencement of the class action, Dingdong’s shares traded as low as $2.51 per ADS, representing a decline of over 89% from the $23.50 IPO offering price. Next Steps: If you acquired shares of Dingdong Ltd. pursuant to the Company's IPO, you have until October 25, 2022, to ask the court to appoint you lead plaintiff for the class. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. Contact us to learn more: Aaron Dumas (800) 350-6003 adumas@robbinsllp.com Shareholder Information Form About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Dingdong Ltd. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome.
businesswire.com
Read More
The Law Offices of Frank R. Cruz Announces Investigation of Dingdong (Cayman) Limited (DDL) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL) on behalf of investors concerning the Company’s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. In June 2021, Dingdong conducted its initial public offering (“IPO”), selling approximately 4.07 American Depository Shares (“ADS”) at $23.50 per ADS. On March 17, 2022, Beijing News published a report stating that Chinese regulators launched a probe into Dingdong for food safety violations, alleging that the Company “replaced labels on expired vegetables and sold frozen fish products as fresh.” On this news, Dingdong’s ADS price fell $0.46, or 10.8%, to close at $3.37 per ADS on March 17, 2022, thereby injuring investors. Since the IPO, the Company’s ADSs have traded as low as $2.51 per share, or 89% below the IPO price. Follow us for updates on Twitter: twitter.com/FRC_LAW. If you purchased Dingdong 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
businesswire.com
Read More
SHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Dingdong (Cayman) Limited with Losses of $100,000 to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Dingdong (Cayman) Limited (“Dingdong” or “the Company”) (NYSE: DDL) for violations of the federal securities laws. Investors who purchased the Company's shares pursuant and/or traceable to the Company’s initial public offering conducted on June 28, 2021 (the “IPO”), are encouraged to contact the firm before October 24, 2022. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com. The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Dingdong failed to live up to its own commitment to safety and quality of its products, such as its claim that it uses “stringent quality control across [its] entire supply chain to ensure product quality to [its] users.” For example, the Company sold food past its sell-by date. Such business practices were likely to negatively impact the Company’s reputation and operations. Based on these facts, the Company’s public statements throughout the IPO period were false and materially misleading. When the market learned the truth about Dingdong, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
businesswire.com
Read More
Labaton Sucharow Notifies Dingdong (Cayman) Ltd. (NYSE: DDL) Investors of the Filing of a Class Action Lawsuit
NEW YORK--(BUSINESS WIRE)--Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, announces a securities class action lawsuit has been filed against Dingdong (Cayman) Ltd. ("Dingdong" or the "Company") (NYSE: DDL) its U.S. representatives, certain Dingdong directors and officers and the underwriters of the Dingdong’s June 2021 initial public offering (“IPO”), alleging violations of 11, 12 and 15 of the Securities Act, 15 U.S.C. 77k, 77l(a)(2), and 77o. Dingdong purports to be a leading and the fastest growing on-demand e-commerce company in China. Dingdong’s mission is to “make fresh groceries as available as running water to every household.” According to the complaint filed in the Southern District of New York, the registration statement and prospectus used to effectuate the Company’s IPO misstated and/or omitted facts concerning Dingdong’s so-called commitment to ensuring the safety and quality of the food it distributes to the market. For example, despite claiming that it applies “stringent quality control across [its] entire supply chain to ensure product quality to [its] users,” Dingdong sold food past its sell-by date. Consequently, Dingdong was, in fact, no better at providing or assuring access to “fresh” groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. Moreover, the foregoing conduct subjected Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to (and did) negatively impact Dingdong’s business, operations, and reputation. In fact, as the truth about Dingdong’s business and its failure to meet its self-imposed food safety responsibilities reached the market, the value of the Company’s shares declined dramatically. By the commencement of the action, Dingdong’s shares traded as low as $2.51 per ADS, representing a decline of over 89% from the $23.50 IPO offering price. The Lead Plaintiff deadline in this action is October 24, 2022. If you purchased Dingdong American Depository Shares (“ADS”) pursuant and/or traceable to the Company’s IPO on or about June 28, 2021, please contact David J. Schwartz using the toll-free number (800) 321-0476, via email at david@labaton.com, or by filling out this form. About the Firm Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, corporate governance and shareholder rights, consumer, and cybersecurity and data privacy litigation, as well as whistleblower representation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.
businesswire.com
Read More
SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Dingdong (Cayman) Limited with Losses of $100,000 to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Dingdong (Cayman) Limited (“Dingdong” or “the Company”) (NYSE: DDL) for violations of the federal securities laws. Investors who purchased the Company's shares pursuant and/or traceable to the Company’s initial public offering conducted on June 28, 2021 (the “IPO”), are encouraged to contact the firm before October 24, 2022. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com. The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Dingdong failed to live up to its own commitment to safety and quality of its products, such as its claim that it uses “stringent quality control across [its] entire supply chain to ensure product quality to [its] users.” For example, the Company sold food past its sell-by date. Such business practices were likely to negatively impact the Company’s reputation and operations. Based on these facts, the Company’s public statements throughout the IPO period were false and materially misleading. When the market learned the truth about Dingdong, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
businesswire.com
Read More
INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Files Securities Class Action Against Dingdong (Cayman) LTD (NYSE: DDL)
NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, has filed a securities class action lawsuit against Dingdong (Cayman) LTD (NYSE: DDL) (“Dingdong” or the “Company”), its U.S. representatives, certain Dingdong directors and officers and the underwriters of the Dingdong’s June 2021 initial public offering (“IPO”), alleging violations of §§11, 12 and 15 of the Securities Act, 15 U.S.C. §§ 77k, 77l(a)(2), and 77o. If you purchased Dingdong American Depository Shares (“ADS”) pursuant and/or traceable to the Company’s IPO on or about June 28, 2021, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312 for more information. Dingdong purports to be a leading and the fastest growing on-demand e-commerce company in China. Dingdong’s mission is to “make fresh groceries as available as running water to every household.” According to the complaint filed in the Southern District of New York, the registration statement and prospectus used to effectuate the Company’s IPO misstated and/or omitted facts concerning Dingdong’s so-called commitment to ensuring the safety and quality of the food it distributes to the market. For example, despite claiming that it applies “stringent quality control across [its] entire supply chain to ensure product quality to [its] users,” Dingdong sold food past its sell-by date. Consequently, Dingdong was, in fact, no better at providing or assuring access to “fresh” groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. Moreover, the foregoing conduct subjected Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to (and did) negatively impact Dingdong’s business, operations, and reputation. In fact, as the truth about Dingdong’s business and its failure to meet its self-imposed food safety responsibilities reached the market, the value of the Company’s shares declined dramatically. By the commencement of the action, Dingdong’s shares traded as low as $2.51 per ADS, representing a decline of over 89% from the $23.50 IPO offering price. Lead Plaintiff Deadline The Lead Plaintiff deadline in this action is October 24, 2022. Any member of the proposed Class may seek to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed Class. What You Can Do If you purchased Dingdong ADS pursuant and/or traceable to the Company’s IPO, or if you have questions about this notice or your legal rights, you are encouraged to contact attorney Jonathan Zimmerman at (888) 398-9312 or jzimmerman@scott-scott.com. About Scott+Scott Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, Virginia, and Ohio. This may be considered Attorney Advertising.
businesswire.com
Read More
Dingdong (Cayman) Limited (DDL) CEO Changlin Liang on Q2 2022 Results - Earnings Call Transcript
Dingdong (Cayman) Limited (NYSE:DDL ) Q2 2022 Earnings Conference Call August 11, 2022 8:00 AM ET Company Participants Changlin Liang - Founder and CEO Yu Le - CSO Conference Call Participants Joyce Ju - Bank of America Ashley Xu - Credit Suisse Thomas Chong - Jefferies Robin Leung - Daiwa Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to the Dingdong Limited Second Quarter 2022 earnings conference call.
seekingalpha.com
Read More
ONGOING INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Announces Investigation into Dingdong (Cayman) Ltd (DDL)
NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, is investigating whether Dingdong (Cayman) Ltd (“Dingdong” or the “Company”) (NYSE: DDL) and certain members of its management team violated federal securities laws. If you purchased Dingdong securities pursuant and/or traceable to Dingdong’s Initial Public Offering (“IPO”) in June 2021, and lost money, you are encouraged to contact Jonathan Zimmerman at (888) 398-9312 for more information. Dingdong’s IPO was priced at $23.50 per American Depository Share (“ADS”). On June 28, 2022, Dingdong’s ADSs closed at $5.47, representing a loss of 76.7%. What You Can Do If you purchased Dingdong securities, and you wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at jzimmerman@scott-scott.com, or visit the Dingdong investigation page on our website at https://scott-scott.com/sec-investigation/dingdong-cayman-ltd/. About Scott+Scott Attorneys at Law LLP Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio. Attorney Advertising
businesswire.com
Read More
INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Announces Investigation into Dingdong (Cayman) Ltd (DDL)
NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, is investigating whether Dingdong (Cayman) Ltd (“Dingdong” or the “Company”) (NYSE: DDL) and certain members of its management team violated federal securities laws. If you purchased Dingdong securities pursuant and/or traceable to Dingdong’s Initial Public Offering (“IPO”) in June 2021, and lost money, you are encouraged to contact Jonathan Zimmerman at (888) 398-9312 for more information. Dingdong’s IPO was priced at $23.50 per American Depository Share (“ADS”). On June 28, 2022, Dingdong’s ADSs closed at $5.47, representing a loss of 76.7%. What You Can Do If you purchased Dingdong securities, and you wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at jzimmerman@scott-scott.com, or visit the Dingdong investigation page on our website at https://scott-scott.com/sec-investigation/dingdong-cayman-ltd/. About Scott+Scott Attorneys at Law LLP Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio. Attorney Advertising
businesswire.com
Read More
Auckland property: 26 Ormiston townhouse buyers face three-month settlement delay – DDL receivers
247 News Around The World 247 News Around The World Some of the 26 townhouses at the DDL sites, Ormiston Rd, Flat… The post Auckland property: 26 Ormi...
247newsaroundtheworld.com
Read More
Dingdong Shares Gain After Clocking 43% Revenue Growth In Q1
Dingdong (Cayman) Limited (NYSE: DDL) reported first-quarter FY22 revenue growth of 43.2% year-on-year to $858.7 million. GMV increased by 36.0% Y/Y to $923.0 million.
benzinga.com
Read More
Why Shares of JD.com, Lufax Holding, and Dingdong Are Down Today
COVID concerns and problems in China's real estate sector appear to be dogging Chinese stocks today.
fool.com
Read More
INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Dingdong (Cayman) Limited with Losses of $100,000 to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dingdong (Cayman) Limited (“Dingdong” or “the Company”) (NYSE: DDL) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com. The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
businesswire.com
Read More
INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Dingdong (Cayman) Limited with Losses of $100,000 to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dingdong (Cayman) Limited (“Dingdong” or “the Company”) (NYSE: DDL) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com. The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
businesswire.com
Read More
Why Shares of Dingdong Are Volatile Today
Lockdowns in China might create a beneficial environment for this grocery delivery company.
fool.com
Read More
Dingdong, Missfresh Surge On Booming Business During Covid Lockdowns
Investors may be growing more bullish on Dingdong and Missfresh as recent Covid-related lockdowns drive more consumers to buy groceries online.
seekingalpha.com
Read More
Dingdong Slows Down Spending, Dangles Prospect Of Profits
Key Takeaways: Dingdong's revenue growth slowed to 72% in the fourth quarter, down from 111% and 78% in the third and second quarters, respectively
benzinga.com
Read More
Dingdong to Report Fourth Quarter 2021 Financial Results on February 15, 2022
SHANGHAI, Feb. 13, 2022 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading and the fastest growing on-demand e-commerce company in China, today announced that it plans to release its unaudited financial results for the fourth quarter of 2021 before the U.S. market opens on Tuesday, February 15, 2022. The Company's management will hold an earnings conference call at 7:00 A.M.
prnewswire.com
Read More
7 Chinese Growth Stocks That May Outperform This Year
These seven top Chinese growth stocks are companies investors may want to consider on this recent bear market in China right now. The post 7 Chinese Growth Stocks That May Outperform This Year appeared first on InvestorPlace.
investorplace.com
Read More
4 Promising China Stocks to Buy for 2022
JD.com (JD), PetroChina (PTR), ZTO Express (ZTO) & Dingdong Cayman (DDL) are the four best China companies to invest in next year.
zacks.com
Read More
Dingdong Pulls Further Away From Old Opponent, But Profits Remain Far Off
Key points: Dingdong's revenue doubled in the third quarter, but its loss grew even faster by 1.4 times as it become trapped in a cycle of ‘greater losses with more income'
benzinga.com
Read More
Dingdong (Cayman) Limited (DDL) CEO Changlin Liang on Q3 2021 Results - Earnings Call Transcript
Dingdong (Cayman) Limited (DDL) CEO Changlin Liang on Q3 2021 Results - Earnings Call Transcript
seekingalpha.com
Read More
Dingdong to Report Third Quarter 2021 Financial Results on November 15, 2021
SHANGHAI , Nov. 9, 2021 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE:DDL), a leading and fastest-growing company in the domestic neighborhood retail industry with advanced supply chain capabilities, today announced that it plans to release its unaudited financial results for the third quarter of 2021 before the U.S. market opens on Monday, November 15, 2021. The Company's management will hold an earnings conference call at 7:00 A.M.
prnewswire.com
Read More
Dingdong Clocks 78% Growth In Q2 Sales
Dingdong (Cayman Ltd) (NYSE: DDL) reported second-quarter FY21 sales growth of 77.9% year-on-year, to RMB4.6 billion ($719.6 million). The gross merchandise value for the quarter increased 80.8% Y/Y to RMB5.4 billion ($833.0 million).
benzinga.com
Read More
Dingdong (Cayman) Limited Announces Second Quarter 2021 Financial Results
SHANGHAI, Aug. 30, 2021 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading and fastest-growing on-demand e-commerce company in China, today announced its unaudited financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Highlights: GMV for the second quarter of 2021 increased by 80.8% year over year to RMB 5,378.2 million (US$ 833.0 million) from RMB 2,975.4 million in the same quarter of 2020.
prnewswire.com
Read More
Dingdong to Report Second Quarter 2021 Financial Results on August 30, 2021
SHANGHAI, Aug. 25, 2021 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE:DDL), a leading and fastest-growing on-demand e-commerce company in China, today announced that it plans to release its unaudited financial results for the second quarter of 2021 before the U.S. market opens on Monday, August 30, 2021. The Company's management will hold an earnings conference call at 8:30 A.M.
prnewswire.com
Read More