LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Missfresh Limited (“Missfresh” or the “Company”) (NASDAQ: MF) investors concerning the Company’s possible violations of the federal securities laws.
“an internal review of certain matters, including those relating to transactions between the Company and certain third-party enterprises.”
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If you suffered a loss on your Missfresh 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/missfresh-limited/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
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.
Then, on July 1, 2022, after the market closed. Missfresh announced that, based on substantial completion of the internal review, certain revenue reported during fiscal 2021 “may have been inaccurately...
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