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SHAREHOLDER ALERT: Holzer & Holzer Announces a Class Action Was Filed on Behalf of Tuya (TUYA) Investors and Encourages Investors With Significant Losses to Contact the Firm

Friday, August 12, 2022 5:15 PM

ATLANTA, GA / ACCESSWIRE / August 12, 2022 / Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA). The lawsuit alleges Tuya's Registration Statement contained materially false and misleading statements and/or failed to disclose: (a) a material portion of Tuya's China-based customers engaged in the widespread and systematic manipulation of reviews and product offerings in violation of Amazon.com's terms of use; (b) prior to the IPO, a consumer investigation and data breach exposed an illicit fake review scheme perpetrated by many of Tuya's clients, which included the exposure of 13 million records of organized fake review scams linked to over 200,000 Amazon account profiles; and (c) there was a substantial risk a material portion of Tuya's significant customers would be barred from using Amazon.com's platform, negatively impacting Tuya's business.

If you bought shares of Tuya and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at [email protected] or Joshua Karr, Esq. at [email protected], by toll-free telephone at (888) 508-6832 or you may visit the firm's website at www.holzerlaw.com to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is October 11, 2022.

Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.More information about the firm is available through its website, www.holzerlaw.comand upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.

CONTACT:

Corey D. Holzer, Esq.
(888) 508-6832 (toll-free)
[email protected]

SOURCE: Holzer & Holzer

Topic:
Company Update
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