DDL ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of October 24, 2022 in the Class Action Filed on Behalf of Dingdong (Cayman) Ltd. Limited Shareholders

New York, New York--(Newsfile Corp. - September 12, 2022) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Dingdong (Cayman) Ltd. (NYSE: DDL) alleging that the Company violated federal securities laws.

This lawsuit is on behalf of persons who purchased, or otherwise acquired, Dingdong American Depository Shares pursuant or traceable to the F-1 registration statements and related prospectus on Form 424B4 issued in connection with Dingdong's June 2021 initial public stock offering.

Lead Plaintiff Deadline: October 24, 2022
No obligation or cost to you.

Learn more about your recoverable losses in DDL:
https://www.kleinstocklaw.com/pslra-1/dingdong-class-action-loss-submission-form?id=31629&from=5

Dingdong (Cayman) Ltd. NEWS - DDL NEWS

CLASS ACTION CASE DETAILS: According to the filed complaint, the registration statement and prospectus used to effectuate the Company's initial public offering misstated and/or omitted facts concerning Dingdong's so-called commitment to ensuring the safety and quality of the food it distributes to the market. For example, despite claiming that it applies "stringent quality control across [its] entire supply chain to ensure product quality to [its] users," Dingdong sold food past its sell-by date. Consequently, Dingdong was, in fact, no better at providing or assuring access to "fresh" groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing. Moreover, the foregoing conduct subjected Dingdong to an increased risk of regulatory and/or governmental scrutiny and enforcement, all of which, once revealed, were likely to negatively impact Dingdong's business, operations, and reputation.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Dingdong you have until October 24, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Dingdong securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the DDL lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link.

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136900