Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Missfresh Limited (“Missfresh” or the “Company”) (NASDAQ: MF) in the United States District Court for the Eastern District of New York on behalf of all persons and entities who purchased or otherwise acquired Missfresh securities pursuant to the Company’s June 25, 2021 IPO, both dates inclusive (the “Class Period”). Investors have until September 12, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Click here to participate in the action.
On April 29, 2022, Missfresh disclosed that it could not timely file its fiscal 2021 annual report because it was conducting an internal review of certain matters, including those relating to transactions between the Company and certain third-party enterprises.
On this news, Missfresh's stock fell $0.19, or 27.7%, to close at $0.52 or April 29, 2022, thereby injuring investors.
According to the lawsuit, Missfresh’s Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) Missfresh provided false financial figures in its Registration Statement; (2) Missfresh would need to amend its financial figures; (3) Missfresh, among other things, had lesser net revenues for the quarter ended March 31, 2021; and (4) as a result, defendant’s public statements were materially false and misleading at all relevant times and negligently prepared. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you purchased or otherwise acquired Missfresh shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220713005937/en/
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
