Asian Super App Developer Sued Over Financial Misrepresentations

(March 25, 2022, 8:52 AM EDT) -- NEW YORK — A company that operates a Southeast Asia-based deliveries, mobility and digital financial services super app and two of its senior executives materially misrepresented the company’s business and operations in violation of federal securities laws, causing the company’s stock price to plummet after the alleged fraud was disclosed to the investing public, a shareholder alleges in a securities class action filed March 16 in New York federal court....

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