Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Thursday, April 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

Chinese Commerce

A shareholder class action claims that shares of Pinduoduo fell below its July IPO price of $19 (for a total of $1.6 billion) after China announced it was investigating the Chinese e-commerce company for selling counterfeit goods and violating copyright.

REDWOOD CITY, Calif. — A shareholder class action claims that shares of Pinduoduo fell below its July IPO price of $19 (for a total of $1.6 billion) after China announced it was investigating the Chinese e-commerce company for selling counterfeit goods and violating copyright.

Categories / Securities

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...