Four Suits Filed on Behalf of Investors After NYSE IPO of China’s Didi

WASHINGTON - At least four lawsuits have been filed on behalf of U.S. investors after questions emerged about whether the Chinese ride-hailing firm Didi Global Inc. had been warned by Beijing regulators to postpone its multi-billion-dollar initial public offering (IPO) on the New York Stock Exchange (NYSE). 

The suits reflect rising concern over the political risk of investing in U.S.-listed Chinese companies. Labaton Sucharow LLP, a shareholder-rights law firm in New York, announced on July 6 that it was investigating claims on behalf of investors in Didi Global Inc. New York- based investor-rights law firm Rosen also has filed a class action lawsuit against Didi, “seeking to recover damages for Didi investors under the federal securities laws.” Two other law firms, Schall Law Firm in Los Angeles and Glancy Prongay & Murray LLP, of Berkeley, California, have filed similar lawsuits in the past few days.