PriyaPatelTLDR:
- Future FinTech Group Inc. is facing a class action lawsuit for alleged violations of federal securities laws.
- Investors who suffered a loss have until March 18, 2024, to request to be appointed as lead plaintiff.
Article Summary:
Future FinTech Group Inc. is currently embroiled in a class action lawsuit for violations of federal securities laws. The lawsuit alleges that the company and certain officers made false and misleading statements regarding the nature of ownership of Future FinTech stock and understated legal risks. Specifically, it is claimed that Defendant Shanchun Huang manipulated the stock price and lied to the Securities and Exchange Commission. Investors who purchased Future FinTech securities between March 10, 2020, and January 11, 2024, are encouraged to join the class action lawsuit before March 18, 2024. The law firm handling the case, Bronstein, Gewirtz & Grossman, LLC, has a track record of recovering millions of dollars for investors in similar cases.
