A class action lawsuit has been filed against Ryde Group Ltd for a sudden stock price collapse after a suspected fraudulent pump-and-dump scheme inflated its shares from $4.00 to $22.49. The complaint alleges the company and insiders used social media misinformation and offshore accounts to manipulate the stock price, misleading investors about the company's true value. The stock crashed 75% on September 11, 2024, and has since fallen to around $0.50. Investors who bought Ryde shares between March 6 and September 11, 2024, may be eligible to join the lawsuit, with a lead plaintiff deadline on November 9, 2026.
Ryde Group Ltd faces a class action lawsuit over a stock price collapse. For readers following the Technology sector, here is Pluang's market snapshot as of Sep 30, 2026 10:21 WIB: Of 150 priced stocks, 77 rose and 68 fell. Oracle Corporation (ORCL) rose 4.61% to USD 138.75 with 75% sell orders, Applied Materials, Inc. (AMAT) rose 4.57% to USD 509.02 with 75% buy orders, and Workiva Inc (WK) fell 4.30% to USD 65.25 with a typical hold time of 21 days.
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