LOS ANGELES, Oct. 17, 2022 (GLOBE NEWSWIRE) — The law office of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders in the following public companies. Investors have until the deadlines listed below to file a lead plaintiff filing.

Investors who experience losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email at [email protected].

NIO Inc. (NYSE: NEVER)
Class Period: August 20, 2020 – July 11, 2022
Deadline for lead plaintiff: October 24, 2022

The Complaint filed in this Class Action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, the defendants failed to disclose to investors that: (1) NIO generated revenue from the sale of batteries to a related party that owned the batteries and managed users’ subscriptions; (2) that NIO also realized significant depreciation savings through the related party; (3) that as a result of the foregoing, the Company’s earnings and net loss have been overstated; and (4) that as a result of the foregoing, defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked any reasonable basis.

If you are a NIO shareholder who has suffered a loss, click here take part.

Dingdong (Kaiman) Limited (NYSE: DDL)
Class Period: June 26, 2021 – August 25, 2022
Deadline for lead plaintiff: October 24, 2022

The complaint filed in this class action alleges that the defendants made materially false and/or misleading statements and 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…