Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
DDL.US
id: 181
S.D. New York
Court
On March 17, 2022, a Beijing News reported 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%.
Back in June 2021 the Company conducted IPO and issued approximately 4.07 million ADS to the investing public at $23.50 per ADS.  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.”
In fact, Dingdong sold food past its sell-by date.
Given all the facts, there are suspicions that the Company could grossly violate not only the rights of consumers but also of investors, including those who participated in IPO, who lost about 80% of capital to now.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Malpractice
Negligence
Omissions
Suspected Party
Directors
Management
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
17 March 2022
Collecting participants…

Dingdong ADR

Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food produc...

    Ticker
    DDL.US
    ISIN
    US25445D1019
    CIK
    1854545
    Sector
    Consumer Defensive
    Industry
    Grocery Stores
    Country
    USA
    Address
    Bldg 6, No. 39 Ren'an Rd, Shanghai, China, 200125