SAN DIEGO, Sept. 15, 2022 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been filed on behalf of the investors of Dingdong (Cayman) LTD DDL (“Dingdong” or the “Company”). The Class Action is brought on behalf of shareholders who purchased or otherwise acquired Dingdong pursuant to and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Dingdong’s June 2021 IPO (the “ IPO”). Investors are hereby notified that they have until October 24, 2022 to request the court to appear as lead plaintiff in this lawsuit.

What actions can I take at this time? If you have suffered a loss and would like to learn more about whether you are a Lead Plaintiff, please contact Jim Baker ([email protected]) via email or phone at 619-814-4471. When emailing, please include your phone number.

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According to the complaint, the registration statement and prospectus used to conduct the company’s IPO contained false and/or omitted facts regarding Dingdong’s so-called commitment to ensure the safety and quality of the food it sells in the market. For example, despite claiming that it “applies strict quality control in all areas [its] entire supply chain to ensure product quality [its] Consumers” Dingdong sold food past its sell-by date. Consequently, Dingdong was actually no better at ensuring or ensuring access to “fresh” food than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeats about In addition, the foregoing conduct exposed Dingdong to increased risk of regulatory and/or regulatory scrutiny and enforcement, all of which, once uncovered, were (and were) likely…