| COMPANY |
Missfresh Limited |
| COURT |
United States District Court for the Eastern District of New York |
| CASE NUMBER |
22-cv-04065 |
| JUDGE |
The Honorable Jed S. Rakoff |
| CLASS PERIOD |
Missfresh's June 2021 Initial Public Offering |
| SECURITY TYPE |
Securities |
Case Background:
A class action lawsuit has been filed on behalf of those who purchased or acquired Missfresh Limited (“Missfresh”) (NASDAQ: MF) securities pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Missfresh’s June 2021 initial public offering (the “IPO”).
The complaint alleges that the Registration Statement contained false and/or misleading statements and/or failed to disclose that: (1) Missfresh provided false financial figures in its Registration Statement; (2) Missfresh would need to amend its financial figures; (3) Missfresh, among other things, had lesser net revenues for the quarter ended March 31, 2021; and (4) as a result, the defendants’ public statements were materially false and misleading at all relevant times and negligently prepared.
Current Status of Case:
On September 12, 2023, the Court granted in part and denied in part Defendants’ Motion to Dismiss the complaint. This case is currently stayed pending the filing of a settlement motion.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.