Thieler Law Corp advises investors with losses exceeding $100,000 of the October 22, 2018 lead plaintiff deadline in a class action lawsuit filed against Pinduoduo Inc (NASDAQ: PDD) (“Pinduoduo” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Pinduoduo Inc securities pursuant and/or traceable to Pinduoduo’s initial public offering (“IPO”) conducted on or around July 26, 2018, have until October 22, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Pinduoduo Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Pinduoduo’s controls were ineffective at preventing third-party vendors from selling counterfeit goods on the company’s online platform; consequently, Pinduoduo’s revenues were unsustainable because a number of active merchants using its platform were traceable in part to unlawful conduct; and as a result, Pinduoduo’s public statements were materially false and misleading at all relevant times.

On July 31, 2018 and August 1, 2018, multiple media outlets reported that the Chinese government agencies began investigating Pinduoduo after reports that third-party vendors were selling counterfeit goods on Pinduoduo’s group-discounting website.

Following this news, NASDAQ: PDD fell harming investors.

If you were negatively impacted by your investment in Pinduoduo Inc securities pursuant and/or traceable to Pinduoduo’s initial public offering (“IPO”) conducted on or around July 26, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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