Pomerantz Appointed Co-Lead Counsel in Grab Holdings Securities Litigation

On June 7, 2022, U.S. District Judge Victor Marrero of the Southern District of New York appointed Pomerantz LLP as Co-Lead Counsel on behalf of Si Fan and Amit Batra – Co-Lead Plaintiffs in the case – and the class, in In re Grab Holdings Limited Securities Litigation, 22-cv-2189 (S.D.N.Y.). This securities action alleges that Grab Holdings Limited misrepresented its financial performance and prospects. Grab is a Southeast Asia-based technology company that provides access to transportation, food delivery and financial services via a mobile application. On December 1, 2021, Grab became a public entity via a business combination with…