PriyaPatel
TLDR:
- Class action lawsuit filed against Future FinTech Group Inc. for misleading statements and manipulation of stock price.
- Investors have until March 18, 2024 to apply to be lead plaintiff in the lawsuit.
In a recent article by Bragar Eagel & Squire, P.C., it was announced that a class action lawsuit has been filed against Future FinTech Group Inc. for alleged misleading statements and manipulation of stock prices. The lawsuit claims that company executives made false statements and failed to disclose crucial information that affected the company’s stock value. Specifically, it was alleged that Defendant Shanchun Huang manipulated the price of Future FinTech stock and lied to the Securities and Exchange Commission about his ownership. Future FinTech is accused of understating legal risks and not disclosing unlawful measures taken to boost stock prices.
Investors who purchased Future FinTech shares between March 10, 2020, and January 11, 2024, have until March 18, 2024, to apply to the Court to be appointed as lead plaintiff in the lawsuit. Those who suffered losses, are long-term stockholders, or have any information related to the case are encouraged to contact Bragar Eagel & Squire, P.C. for more information. The law firm is known for representing individual and institutional investors in various litigation matters across the country.
Overall, the class action lawsuit against Future FinTech Group Inc. highlights the importance of transparency and accuracy in financial disclosures to protect the rights and interests of investors.
