NEW ORLEANS, Oct. 11, 2022 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, is reminding investors they have until October 24, 2022 Lead Plaintiff motions to file in a securities class action lawsuit against Dingdong (Cayman) Limited (NYSE: DDL) if it purchased or acquired the Company’s American Depository Shares (“ADS”) pursuant to and/or traceable to the Company’s June 2021 IPO have offering (the “IPO”). This lawsuit is pending in the United States District Court for the Southern District of New York.

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Dingdong investors should visit us at https://claimsfiler.com/cases/nyse-ddl/ or call toll free (844) 367-9658. Kahn Swick & Foti, LLC attorneys are available to discuss your legal options.

About the lawsuit

Dingdong and some of its executives are accused of failing to disclose material information in its IPO registration statement, thereby violating federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the company disregarded its food safety responsibilities and failed to meet its stated commitment to provide customers with “fresh” food; (ii) the Company’s quality control measures were inadequate, exposing it to increased risk of regulatory and/or regulatory scrutiny and enforcement; and (iii) as a result of the foregoing, the Company’s registration statement was, at all relevant times, materially incorrect and misleading.

The case is McCormack v. Dingdong (Cayman) Ltd., et al., No. 22-cv-7273.

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