March 10, 2025
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.
March 06, 2024
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.