GRAB and GRABW Investors Have Opportunity to Sue for Securities Fraud of Grab Holdings Limited

BENSALEM, Pa., May 6, 2022 /PRNewswire/ — Law Firms of Howard G. Smith announces that investors suffering substantial losses have the option of pursuing the securities fraud class action lawsuit against Grab Holdings Limited (“Grab” or the “Company”) (NASDAQ: GRAB, GRABW).

Class period: August 2, 2021March 3, 2022
Lead Applicant Deadline: May 16, 2022

Investors experiencing losses on their Grab investments are encouraged to contact the law firms of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email at [email protected].

The filed complaint alleges that, throughout the class period, the defendants failed to disclose to investors: (1) that Grab’s supply of drivers declined during the third quarter; (2) that, as a result, Grab continued to invest heavily in driver and consumer incentives to “preemptively recalibrate the driver supply”; (3) that as a result, the Company’s financial results would be adversely affected, including, among other things, a significant decline in revenues; and (4) that as a result of the foregoing, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis.

To be a class member, you do not need to take any action at this time; you can retain the services of a lawyer of your choice or do nothing and remain an absentee member of the class action. If you would like to know more about this class action, or if you have any questions about this announcement or your rights or interests regarding the pending class action, please contact Howard G. Smith, Esquirelaw firms of Howard G. Smith3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone at (215) 638-4847, toll free at (888) 638-4847, or by email at [email protected]or visit our website at www.howardsmithlaw.com.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.

contacts
law firms of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com

SOURCE Law Firms of Howard G. Smith