A securities class action has been filed against Ryde Group Ltd. (“Ryde Group” or the “Company”) (NYSE: RYDE) and other defendants on behalf of persons and entities that purchased or otherwise acquired RYDE securities between March 6, 2024 and September 11, 2024, inclusive (the “Class Period”).

The action, Weiss v. Ryde Group Ltd., et al., Case No. 1:26-cv-07854, was filed on September 10, 2026 in the U.S. District Court for the Southern District of New York. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder.

If you acquired RYDE securities during the Class Period and suffered a financial loss, contact Kehoe Law Firm to discuss your legal rights without cost or obligation.

What Does the Ryde Group Securities Class Action Allege?

The complaint alleges that the case arises from the September 2024 collapse of RYDE’s stock following a dramatic yet illusory run-up orchestrated by an allegedly fraudulent stock-promotion scheme propagated over social media.

Allegedly, the Defendants made materially false and/or misleading statements and failed to disclose, among other things, that:

• RYDE was allegedly the subject of a fraudulent stock-promotion scheme involving social-media misinformation and impersonated financial professionals;
• Insiders and/or affiliates allegedly used offshore or nominee accounts to facilitate the coordinated dumping of shares during the alleged price-inflation campaign;
• RYDE’s public statements and risk disclosures allegedly omitted false rumors and artificial trading activity that the complaint contends were driving the stock price; and
• As a result, the complaint alleges that positive statements concerning Ryde Group’s business, operations and prospects were materially misleading and/or lacked a reasonable basis.

The Alleged RYDE Stock Promotion and Stock Decline

The complaint alleges that impersonators posing as legitimate financial advisors promoted RYDE through online forums, private chat groups and social-media posts, including WhatsApp-based communications, using allegedly baseless claims to encourage retail investors to purchase and hold RYDE shares.

According to the complaint, RYDE reached $22.49 per share on September 11, 2024 and then abruptly declined by approximately 75% during aftermarket trading. The complaint alleges that investors who acquired RYDE securities at artificially inflated prices suffered losses when the alleged truth concerning the stock-promotion activity was revealed.

RYDE Investors: Contact Kehoe Law Firm

Investors who purchased or otherwise acquired RYDE securities between March 6, 2024 and September 11, 2024, inclusive, and suffered financial losses are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form  or send us a message to discuss their legal rights.

For a free, no-obligation legal evaluation, contact:

Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]

Lead Plaintiff Deadline: November 9, 2026. Investors who wish to seek appointment as lead plaintiff must do so by November 9, 2026. Investors do not need to seek appointment as lead plaintiff to remain potential members of the proposed class or to be eligible to share in any potential recovery.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.

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