EQUITY ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Full Truck Alliance Co. Ltd.
July 07, 2021 1:49 PM EDT | Source: Levi & Korsinsky, LLP
New York, New York--(Newsfile Corp. - July 7, 2021) - Levi & Korsinsky notifies investors that it has commenced an investigation of Full Truck Alliance Co. Ltd. ("Full Truck" or the "Company") (NYSE: YMM) concerning possible violations of federal securities laws.
On July 5, 2021, Full Truck issued a press release titled: "Full Truck Alliance Announces Cybersecurity Review in China." The Company's release states: "pursuant to an announcement issued by the Cybersecurity Review Office ('CRO') of the Cyberspace Administration of China on July 5, 2021, CRO has initiated a cybersecurity review of FTA's Yunmanman apps and Huochebang apps." Full Track further stated, "in order to facilitate the review and prevent the expansion of potential risks, these mobile apps are required to suspend new user registration in China during the review period."
Due to this news, shares of FTA fell by more than 17.5% in intraday trading on July 6, 2021. To obtain additional information, go to:
https://www.zlk.com/pslra-1/full-truck-alliance-co-ltd-information-request-form
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89678