Ryde Group Ltd.
(NASDAQ: RYDE)
Case Details
Ryde Group Ltd.
Days Left to
Seek Lead Plaintiff:
60
Summary of the Action
Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and the true nature of its securities trading activity throughout the Class Period. Specifically, Defendants failed to disclose to investors that: (1) RYDE was the subject of a fraudulent stock promotion scheme involving social media-based misinformation and impersonated financial professionals; (2) insiders and/or affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign; (3) RYDE’s public statements and risk disclosures omitted any mention of the false rumors and artificial trading activity driving the stock price; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Certification and Authorization Pursuant to Federal Securities Laws
Date of signing: 09/10/2026