SHAREHOLDER ALERT: Investigation of Full Truck Alliance Co. Ltd. Announced by Holzer & Holzer, LLC
July 07, 2021 3:44 PM EDT | Source: Holzer & Holzer LLC
Atlanta, Georgia--(Newsfile Corp. - July 7, 2021) - Holzer & Holzer, LLC is investigating whether Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM) complied with federal securities laws. On June 22, 2021, the Company had an initial public offering ("IPO"), selling approximately 82.5 million American Depositary Shares ("ADS") and raising over a billion in capital. Less than two weeks later, FTA issued a press release titled, "Full Truck Alliance Announces Cybersecurity Review in China," which disclosed that "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. 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." The price of FTA's shares fell sharply during pre-market trading upon revelation of the news.
If you purchased FTA shares and suffered a loss on that investment, you are encouraged to either contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or to visit our website at www.holzerlaw.com to discuss your legal rights.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.
CONTACT:
Corey D. Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
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