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Lian v. Tuya Inc. et al
Case Number:
1:22-cv-06792
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Davis Polk
- Glancy Prongay
- Israel David LLC
- Johnson Fistel
- Levi & Korsinsky
- Pomerantz LLP
- Robbins Geller
- Ropes & Gray
- Shapiro Arato
Companies
Sectors & Industries:
-
March 10, 2025
Tech Co. Beats Shareholder Suit Over Phony Amazon Reviews
A New York federal judge dismissed a securities class action against Chinese software company Tuya Inc., ruling that the registration statement for Tuya's initial public offering was not misleading for failing to disclose that some of its merchant customers procured fake reviews on Amazon.
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March 06, 2024
IoT Co. Beats Some Claims In Investor Suit Over Fake Reviews
Chinese "Internet of Things" platform developer Tuya Inc. and one of its directors, former General Electric CEO Jeff Immelt, have — for now — beaten some claims in a suit from shareholders alleging Tuya hid that many of its merchant customers were facing scrutiny for using fake reviews to boost their own products.