investors can Contact the law firm for free to learn more about recovering their losses

LOS ANGELES, Oct. 18, 2022 (GLOBE NEWSWIRE) — The law firm of Portnoy advises Dingdong (Cayman) LTD DDL (“Dingdong” or the “Company”) investors A complaint was filed on behalf of investors who lost money on their Dingdong shares. Dingdong investors are encouraged to do so Contact the company to discuss their legal rights.

Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: [email protected]to discuss your legal rights, or click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.

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 likely (and did) have an adverse impact on Dingdong’s business, operations and reputation Dingdong and its failure to live up to its self-imposed food safety responsibilities hit the market, the value of the company’s shares fell dramatically.

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The Portnoy Law…