{
  "id": 11385456,
  "title": "Singapore-based Ryde accused of pump-and-dump fraud in class action lawsuit",
  "url": "https://urgent.news/2026/10/02/singapore-based-ryde-accused-of-pump-and-dump-fraud-in-class-action",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T06:19:52.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/international/singapore-based-ryde-accused-pump-and-dump-fraud-class-action-lawsuit"
  },
  "original_language": "en",
  "account": "Singapore-based ride-hailing firm Ryde is currently embroiled in two legal battles. The first is a shareholder petition filed by Octava Fund, seeking to buy out Octava's 6.9 million shares or wind down the company due to alleged improper governance and breach of duty. The second is a class action lawsuit filed in the Southern District of New York, accusing Ryde of operating a pump-and-dump scheme.",
  "summary": "Separately, shareholder Octava Fund wants NY-listed ride-hailing firm to buy out its shares",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Tech in Asia",
        "title": "Ryde hit by pump-and-dump class action, shareholder petition",
        "url": "https://urgent.news/2026/10/02/ryde-hit-by-pump-and-dump-class-action-shareholder-petition",
        "published": "2026-10-02T09:10:36.000Z"
      },
      {
        "outlet": "Vulcan Post",
        "title": "S’pore’s Ryde faces two legal cases as shareholder seeks buyout & investors allege fraud",
        "url": "https://urgent.news/2026/10/02/spores-ryde-faces-two-legal-cases-as-shareholder-seeks-buyout",
        "published": "2026-10-02T09:34:09.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}