Grab (GRAB) False or Misleading Statements and Stock Losses Complaint

March 16, 2022

Grab Holdings Limited (NASDAQ: GRAB) “became a public entity via a business combination with Altimeter Growth Corp.” on December 1, 2021. Yet by March 3, 2022, the complaint for this class action alleges, it was announcing a large loss. The complaint claims the company, along with its CEO and CFO, made “materially false and misleading statements, as well as failed to disclose material adverse facts about the Company’s business,” in violation of the Securities Exchange Act of 1934.