Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that it has filed a class action lawsuit against Ryde Group Ltd. (NYSE: RYDE)

Wolf Haldenstein has filed a securities class action lawsuit against Ryde Group Ltd. (NYSE: RYDE) on behalf of investors who purchased shares between March 6, 2024, and September 11, 2024. The lawsuit alleges that RYDE orchestrated a fraudulent 'pump-and-dump' scheme using social media impersonators posing as financial advisors to artificially inflate the stock price from $4.00 to $22.49 before it crashed 75% to $5.50 on September 11, 2024. The company and its executives allegedly failed to disclose the fraudulent promotion scheme and insider share dumping activities. Investors have until November 9, 2026, to move to serve as lead plaintiff.