LOS ANGELES, Aug. 19, 2022 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming October 11, 2022 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Tuya Inc. (“Tuya” or the “Company”) (NYSE: TUYA) American Depositary Shares (“ADSs”) pursuant and/or traceable to the Company’s March 2021 initial public offering (the “IPO”).
If you suffered a loss on your Tuya investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/tuya-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On March 18, 2021, Tuya conducted its IPO, selling over 45 million ADSs at $21 per ADS.
On May 11, 2021, an article on techcrunch.com reported that “several top Chinese sellers” had “disappeared from Amazon,” and that over 13.1 million records documenting a fake review scam had been uncovered, with more than 200,000 Amazon accounts.
Then, on July 9, 2021, verdict.co.uk revealed that, in an attempt to crack down against paid reviews and other violations, Amazon had banned hundreds of Chinese brands across thousands of sellers’ accounts, many of which were clients of Tuya.
Then, on August…
