TUYA ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of October 11, 2022 in the Class Action Filed on Behalf of Tuya Inc. Shareholders

NEW YORK, Sept. 20, 2022

This lawsuit is on behalf of all persons or entities who purchased Tuya American Depositary Shares in or traceable to the Company's March 2021 initial public offering.
Lead Plaintiff Deadline: October 11, 2022
No obligation or cost to you.

Learn more about your recoverable losses in TUYA:
https://www.kleinstocklaw.com/pslra-1/tuya-class-action-submission-form?id=31888&from=4

Tuya Inc. NEWS - TUYA NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that Tuya Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) a material portion of Tuya's China-based customers were engaged in the widespread and systematic manipulation of reviews and product offerings in violation of Amazon.com's terms of use; (b) prior to the initial public offering, a consumer investigation and data breach had exposed an illicit fake review scheme being perpetrated by many of Tuya's clients, among others, which included, inter alia, the exposure of 13 million records of organized fake review scams linked to over 200,000 Amazon account profiles; (c) as a result of (a) and (b) above, there was a substantial risk that a material portion of Tuya's significant customers would be barred from using Amazon.com's platform, negatively impacting Tuya's business, revenue, earnings, and prospects; and (d) as a result of (a)-(c) above, the registration statement's representations regarding Tuya's historical financial and operational metrics and purported market opportunities and expected growth did not accurately reflect the actual business, operations, financial results, and trajectory of the Company at the time of the initial public offering, and such statements were materially false and misleading and lacked a reasonable factual basis.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Tuya you have until October 11, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Tuya securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.