The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Grab Holdings Limited (“Grab”) (NASDAQ: GRAB) (NASDAQ: GRABW). The action charges Grab with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of Grab’s materially misleading statements to the public, Grab’s investors have suffered significant losses.

Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

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LEAD PLAINTIFF DEADLINE: MAY 16, 2022
CLASS PERIOD: NOVEMBER 12, 2021 THROUGH MARCH 3, 2022

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. at (484) 270-1453 or via email at [email protected]

GRAB’S ALLEGED MISCONDUCT

Grab develops delivery management, mobility, financial services, and enterprise software solutions. In particular, Grab operates a “super app” that functions as Southeast Asia’s largest ride-hailing and delivery service, similar to Uber.

On March 3, 2022, Grab disclosed that its fourth quarter revenues had declined 44% from the previous quarter and reported a $1.1 billion loss for the quarter. During a conference call held in connection with the results, Anthony Tan, Grab’s Chief Executive Officer, attributed the poor financial results to “invest[ing] heavily” in…