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PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD) Securities Fraud Class Action

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Class Periodbetween April 30, 2021 through August 23, 2024
COMPANY       PDD Holdings Inc. f/k/a Pinduoduo Inc. 
COURT United States District Court for the Eastern District of New York
CASE NUMBER 24-cv-05653
JUDGE Honorable Pamela K. Chen
CLASS PERIOD  April 30, 2021 through August 23, 2024
SECURITY TYPE  Securities

Case Background:

This is a class action on behalf of persons or entities who purchased or otherwise acquired PDD Holdings Inc. (“PDD”) (NASDAQ: PDD) f/k/a Pinduoduo Inc. American Depositary Shares (“ADS”) between April 30, 2021 and August 23, 2024, inclusive (the “Class Period”).

The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose information relating to two main issues which materially affect its core operations.  The first pertains to PDD’S applications and that they contained malware which was designed to obtain user data without the user's consent, including reading private text messages.  The second pertains to PDD’s failure to implement a system to prevent goods made by forced labor from being sold on its platform. As a result of such failure, PDD has openly sold banned products on its Temu platform.

Current Status of Case:

On March 4, 2025, Plaintiffs filed an Amended Complaint. On July 18, 2025, Defendants’ served its Motion to Dismiss.  This action is ongoing.

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; toll-free at (844) 887-9500; 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.

Complete this form with your transactions in PDD Holdings Inc. f/k/a Pinduoduo Inc. securities between April 30, 2021, and August 23 2024.

Click Here to Print PDF of this Form

SUBMIT YOUR INFORMATION
* Denotes required field
Date
# of Shares
Price per Share
Date
Principal Amount
Amount Paid
Series or CUSIP
Date
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of PDD Holdings Inc. f/k/a Pinduoduo Inc. prior to the Class Period?
Are you a current or former employee of PDD Holdings Inc. f/k/a Pinduoduo Inc. ?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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