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BOSTON, April 26, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating matters concerning Pinduoduo Inc. (“Pinduoduo” or the “Company”) (NASDAQ: PDD) to determine whether the Company and/or any of its officers or directors violated federal securities laws.
On April 26, 2019, the United States trade representative’s office added Pinduoduo for the first time to its list of high-profile marketplaces in foreign countries that repeatedly engage in counterfeiting and cause significant financial harm to United States businesses.
On this news shares of Pinduoduo dropped almost 5%.
If you have purchased or otherwise acquired Pinduoduo securities and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact Block & Leviton LLP at (888) 868-2385, by email at firstname.lastname@example.org, or by visiting http://shareholder.law/cases/?case=pdd.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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