ROSEN, A LEADING LAW FIRM, Encourages Tuya Inc. Buyers to Safe Counsel Earlier than Vital Deadline in Securities Class Motion

Printed: Sept. 23, 2022 at 2:24 PM EDT

NEW YORK, Sept. 23, 2022 /PRNewswire/ —

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WHY: Rosen Legislation Agency, a world investor rights legislation agency, reminds purchasers of the securities of Tuya Inc. (NYSE: TUYA) pursuant and/or traceable to the registration assertion and associated prospectus (collectively, the “Registration Assertion”) issued in reference to Tuya’s March 2021 preliminary public providing (the “IPO”) of the essential October 11, 2022 lead plaintiff deadline.

SO WHAT: When you bought Tuya securities pursuant and/or traceable to the Registration Assertion you might be entitled to compensation with out cost of any out of pocket charges or prices by means of a contingency price association.

WHAT TO DO NEXT: To affix the Tuya class motion, go to https://rosenlegal.com/submit-form/?case_id=7007 or name Phillip Kim, Esq. toll-free at 866-767-3653 or e mail [email protected] or [email protected] for data on the category motion. A category motion lawsuit has already been filed. When you want to function lead plaintiff, you have to transfer the Court docket no later than October 11, 2022. A lead plaintiff is a consultant occasion appearing on behalf of different class members in directing the litigation.

WHY ROSEN LAW: We encourage buyers to pick certified counsel with a observe report of success in management roles. Typically, companies issuing notices wouldn’t have comparable expertise, sources or any significant peer recognition. Many of those companies don’t really deal with securities class actions, however are merely middlemen that refer shoppers or companions with legislation companies that really litigate the circumstances. Be sensible in deciding on counsel. The Rosen Legislation Agency represents buyers all through the globe, concentrating its observe in securities class actions and shareholder spinoff litigation. Rosen Legislation Agency has achieved the most important ever securities class motion settlement in opposition to a Chinese language Firm. Rosen Legislation Agency was Ranked No. 1 by ISS Securities Class Motion Companies for variety of securities class motion settlements in 2017. The agency has been ranked within the high 4 every year since 2013 and has recovered tons of of thousands and thousands of {dollars} for buyers. In 2019 alone the agency secured over $438 million for buyers. In 2020, founding accomplice Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Lots of the agency’s attorneys have been acknowledged by Lawdragon and Tremendous Legal professionals.

DETAILS OF THE CASE: In accordance with the lawsuit, the IPO Registration Assertion featured false and/or deceptive statements and/or didn’t disclose that: (1) a fabric portion of Tuya’s China-based clients had been engaged within the widespread and systematic manipulation of evaluations and product choices in violation of Amazon.com’s phrases of use; (2) previous to the IPO, a shopper investigation and information breach had uncovered a bootleg pretend overview scheme being perpetrated by lots of Tuya’s shoppers, amongst others, which included, amongst different issues, the publicity of 13 million information of organized pretend overview scams linked to over 200,000 Amazon account profiles; (3) consequently, there was a considerable danger {that a} materials portion of Tuya’s important clients can be barred from utilizing Amazon.com’s platform, negatively impacting Tuya’s enterprise, income, earnings, and prospects; and (4) as such, the IPO’s Registration Assertion’s representations relating to Tuya’s historic monetary and operational metrics and purported market alternatives and anticipated progress didn’t precisely replicate the precise enterprise, operations, monetary outcomes, and trajectory of Tuya on the time of the IPO. When the true particulars entered the market, the lawsuit claims that buyers suffered damages.

To affix the Tuya class motion, go to https://rosenlegal.com/submit-form/?case_id=7007 or name Phillip Kim, Esq. toll-free at 866-767-3653 or e mail [email protected] or [email protected] for data on the category motion.

No Class Has Been Licensed. Till a category is licensed, you aren’t represented by counsel until you keep one. Chances are you’ll choose counsel of your alternative. You might also stay an absent class member and do nothing at this level. An investor’s potential to share in any potential future restoration is just not dependent upon serving as lead plaintiff.

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Legal professional Promoting. Prior outcomes don’t assure the same end result.

Contact Info:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Legislation Agency, PA
275 Madison Avenue, fortieth Flooring
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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