| COMPANY |
Full Truck Alliance Co. Ltd. |
| COURT |
United States District Court for the Eastern District of New York |
| CASE NUMBER |
21-cv-03903 |
| JUDGE |
The Honorable LaShann DeArcy Hall |
| CLASS PERIOD |
Pursuant and/or traceable to the June 2021 registration statement and prospectus |
| SECURITY TYPE |
American Depositary Shares |
Case Background:
This is a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Full Truck Alliance Co. Ltd. (“FTA”) American Depositary Shares pursuant and/or traceable to the June 2021 Registration Statement and prospectus.
The complaint alleges that the Registration Statement failed to disclose the specific known concerns and issues with FTA’s practices and apparent non-compliance with relevant technology laws. Specifically, the Registration Statement failed to disclose FTA’s non-compliance with the relevant regulations or the potential penalties for its non-compliance—including a suspension of new user additions during a cybersecurity review.
Current Status of Case:
On March 7, 2024, the Court granted the parties request to continue the stay of the federal court action pending the finalization of the global settlement agreement in the related state court action. On April 24, 2024, the Court issued an Order stating that the Court is in receipt of the parties’ status letter indicating that the settlement agreement has been preliminarily approved in the related state court action, and dismissed the federal court action on September 23, 2024. This action has concluded.
The deadline to file a claim in the related state court action is July 23, 2024. If you have any questions or need further information about this settlement, you may go to the following website
www.FTASecuritiesSettlement.com, or you can contact the claims administrator, Gilardi & Co., at 1-866-688-4905.
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: Jon 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.