Grab Holdings Limited f/k/a Altimeter Growth Corp.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Grab Holdings Limited f/k/a Altimeter Growth Corp. (NASDAQ: GRAB, GRABW) between November 12, 2021 and March 3, 2022, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 16, 2022.

If you purchased Grab Holdings Limited f/k/a Altimeter Growth Corp. securities between November 12, 2021 and March 3, 2022 and would like to join the action, please click “Join This Class Action.”

Class Period:November 12, 2021 and March 3, 2022
If you purchased Grab Holdings securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • Grab’s driver supply declined during the third quarter;
  • Grab continued to invest heavily in driver and consumer incentives to “preemptively recalibrate driver supply”;
  • Grab’s financial results would be adversely impacted, including, among other things, a significant decline in revenue; and
  • as a result of the foregoing, defendants’ positive statements about Grab’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. 

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Grab Holdings Limited f/k/a Altimeter Growth Corp.
Stock Symbol: GRAB, GRABW
Class Period: March 3, 2022
Court: United States District Court for the Southern District of New York

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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