Bronstein, Gewirtz & Grossman Files Class Action Against Ryde Group
News related to:Ryde Group Ltd · 2 min read
NEW YORK, Sept. 20, 2026 /CourierPR/ -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, has announced the filing of a class action lawsuit against Ryde Group Ltd (NYSE: RYDE) and certain of its officers. The lawsuit, which seeks to recover damages, alleges that the company and its insiders engaged in a fraudulent stock promotion scheme and failed to disclose material information to investors.
According to the complaint, Ryde Group Ltd and its officers made materially false and misleading statements or failed to disclose key information during the period from March 6, 2024, to September 11, 2024. The lawsuit claims that the company was the subject of a fraudulent stock promotion scheme involving social media misinformation and impersonated financial professionals. Additionally, the complaint alleges that insiders and/or affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a stock price inflation campaign.
The company’s public statements and risk disclosures are also criticized for not adequately addressing the false rumors and artificial trading activity that drove the stock price. As a result, the lawsuit argues that the company’s positive statements about its business, operations, and prospects were materially misleading and lacked a reasonable basis.
If you are an investor who purchased Ryde securities between March 6, 2024, and September 11, 2024, you have until November 9, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery does not require you to serve as lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC, represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. More information about the firm can be found at www.bgandg.com.
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No Cost to Ryde Investors We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.