CLASS ACTION UPDATE for TUYA, TSP and TWTR: Levi & Korsinsky, LLP…

CLASS ACTION UPDATE for TUYA, TSP and TWTR: Levi & Korsinsky, LLP…


NEW YORK, NY / ACCESSWIRE / October 5, 2022 / Levi & Korsinsky, LLP announces that class action lawsuits have been filed on behalf of the shareholders of the following public companies. Shareholders interested in serving as lead plaintiffs have until the listed time limits to file a motion with the court. See the links provided for more details on the cases. There are no costs or obligations for you.

TUYA shareholders click here:
TSP Shareholders Click Here:
TWTR shareholders click here:


Levi & Korsinsky, LLP, Wednesday, October 5, 2022, press release image

Tuya Inc (NYSE: TUYA)

This lawsuit is on behalf of any person or entity that purchased Tuya’s American Depositary Shares in connection with, or attributable to, the Company’s March 2021 IPO.
Deadline for Lead Plaintiff: October 11, 2022

According to the complaint filed, (a) a significant portion of Tuya’s China-based customers engaged in the widespread and systematic manipulation of reviews and product listings in violation of’s Terms of Service; (b) prior to the IPO, a consumer investigation and data breach had uncovered an illegal system of fake reviews, carried out by many of Tuya’s customers, among others, which included disclosing 13 million records of organized fake reviews fraud related to over 200,000 Amazon account profiles; (c) As a result of (a) and (b) above, there was a significant risk that a significant portion of Tuya’s significant customers would be excluded from using’s platform, adversely affecting the business, revenue, the impacted Tuya’s revenue and prospects; and (d) as a result of (a)-(c) above, the representations of the Registration Statement…


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