Bronstein, Gewirtz & Grossman, LLC a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Ryde Group Ltd. (NYSE: RYDE) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Ryde securities between March 6, 2024, and September 11, 2024, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case.
Ryde Case Details
The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that:
- the Company was the subject of a fraudulent stock promotion scheme involving social media misinformation and impersonated financial professionals;
- insiders and/or affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a stock price inflation campaign;
- the Company’s public statements and risk disclosures failed to disclose the false rumors and artificial trading activity driving its stock price; and
- as a result, the Company’s positive statements about its business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
What’s Next for Ryde Investors?
A class action lawsuit has already been filed. You may review a copy of the Complaint. You may also contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 917-590-0911. If you suffered a loss in Ryde you have until November 9, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff.
RYDE — Stock Performance
About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”