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CLASS ACTION UPDATE for PDD and NVRO: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

2018-10-11 14:22 ET - News Release

NEW YORK, Oct. 11, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.

Pinduoduo Inc. (NASDAQ: PDD)
Class Period:
Pursuant to the July 26, 2018 initial public offering and/or between July 26, 2018 and July 31, 2018
Lead Plaintiff Deadline: October 22, 2018
Join the action: http://www.zlk.com/pslra-1/pinduoduo-inc-loss-form?wire=3

About the lawsuit: During the class period, Pinduoduo Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Pinduoduo’s controls were ineffective to prevent third-party vendors from selling counterfeit goods on the Company’s online platform; (ii) consequently, Pinduoduo’s revenues and the number of active merchants using its platform were traceable in part to unlawful conduct and thus unsustainable; and (iii) as a result, Pinduoduo’s public statements were materially false and misleading at all relevant times.

To learn more about the Pinduoduo Inc. class action contact jlevi@levikorsinsky.com.

Nevro Corp. (NYSE: NVRO)
Class Period:
January 8, 2018 - July 12, 2018
Lead Plaintiff Deadline: October 22, 2018
Join the action: http://www.zlk.com/pslra-1/nevro-corp-loss-form?wire=3

About the lawsuit: Throughout the class period, Nevro Corp. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Nevro had engaged in a fraudulent scheme by using protected confidential and proprietary trade secrets and stolen documents from its competitors to develop and enhance the Company's Senza I and Senza II systems; (2) as a result, Nevro's Senza I and Senza II systems were not "novel" or "proprietary;" (3) these practices caused Nevro to be vulnerable to increased litigation expenses and adverse legal and regulatory action; (4) as a result, Nevro's U.S. sales growth was not sustainable; and (5) consequently, defendants' statements about Nevro's business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

To learn more about the Nevro Corp. class action contact jlevi@levikorsinsky.com.

You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171

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