Class Action Lawsuit Filed Against Ryde Group Ltd Over Alleged Securities Violations
A class action lawsuit has been filed against Ryde Group Ltd (NYSE: RYDE) and certain officers by Bronstein, Gewirtz & Grossman LLC. The firm alleges that the company made materially false or misleading statements between March 6, 2024, and September 11, 2024, including failure to disclose a fraudulent stock promotion scheme involving social media misinformation and insider dumping of shares through offshore accounts. The lawsuit claims Ryde's public disclosures failed to address the artificial inflation in its stock price due to these activities. Investors who purchased or acquired securities during this period are encouraged to join the case by November 9, 2026, with no cost involved as the firm operates on a contingency fee basis. The law firm has represented investors in numerous class actions and shareholder derivative suits across the U.S., recovering hundreds of millions for affected parties. The lawsuit seeks damages from defendants under federal securities laws.
Topics: class action lawsuit securities fraud stock manipulation