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1:22-cv-09836
New York Southern
Securities/Commodities
Jed S. Rakoff
Chinese grocery vendor Missfresh Ltd. has agreed to settle an investor class action accusing it of making several misleading statements in the months leading up to its initial public offering, including in regulatory filings and to the media, for $4.9 million.
A New York federal judge has trimmed a class action alleging Chinese grocery vendor Missfresh Ltd. made misstatements and omissions during its initial public offering, saying all the suit's claims can be tossed except for allegations the company overstated its net revenue and online platform sales.