Robbins LLP has announced a securities class action against Ryde Group Ltd on behalf of investors who purchased or otherwise acquired the company's securities between March 6, 2024, and September 11, 2024, inclusive. The complaint alleges that RYDE's stock rose from its $4.00 initial public offering price to an all-time high of $22.49 without fundamental changes or news supporting the increase, before falling about 75% to $5.50 on September 11, 2024. It later declined to approximately $0.50. The lawsuit alleges that RYDE was involved in a fraudulent social media-based stock promotion scheme involving misinformation, impersonated financial professionals and coordinated share sales through offshore or nominee accounts. Robbins LLP says investors who suffered losses may have rights under federal securities laws and should contact the firm before the November 9, 2026, lead plaintiff deadline. Participation is offered on a contingency fee basis, and serving as lead plaintiff is not required to share in any potential recovery.