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DiDi Global Inc.

Case Details

Class Period: June 27, 2021 - July 6, 2021
Date Filed: July 06, 2021
Case Number: 2:21cv05486
Jurisdiction: California Central District Court
icon-casetype Case Type: Securities Case
Days Left to
Seek Plaintiff:
43

Case Summary

According to the lawsuit, the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) DiDi “had the problem of collecting personal information in violation of relevant PRC laws and regulations”; (2) DiDi’s app, DiDi Chuxing (Travel), would face an imminent cybersecurity review by the Cyberspace Administration of China (“CAC”); (3) the CAC would require all Chinese app stores to remove DiDi Chuxing; and (4) as a result, defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Documents
Complaint