GRAB LAWSUIT FILED: Jakubowitz Law Pursues Claims on Behalf of GRAB HOLDINGS LIMITED Shareholders

New York, New York--(Newsfile Corp. - May 3, 2022) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Grab Holdings Limited (NASDAQ: GRAB).

CLICK HERE FOR MORE DETAILS: 
https://claimyourloss.com/securities/grab-holdings-limited-loss-submission-form/?id=26710&from=5

Affected shareholders purchased shares of GRAB between November 12, 2021 and March 2, 2022.

Shareholders interested in representing the class of wronged shareholders have until May 16, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Grab Holdings Limited issued materially false and/or misleading statements and/or failed to disclose that: (1) Grab's driver supply declined during the third quarter; (2) as a result, Grab continued to invest heavily in driver and consumer incentives to "preemptively recalibrate driver supply"; (3) as a result, the Company's financial results would be adversely impacted, including, among other things, a significant decline in revenue; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122634