Visi Money
TLDR:
– Future FinTech Group Inc. is facing a federal securities class action lawsuit.
– The lawsuit accuses the company and its executives of making false and misleading statements to investors.
– The lead plaintiff is seeking to represent a class of investors who suffered losses exceeding $25,000.
Faruqi & Faruqi, LLP, a national securities law firm, is investigating potential claims against Future FinTech Group Inc. The firm reminds investors of the March 18, 2024 deadline to seek the role of lead plaintiff in a federal securities class action filed against the company. The lawsuit alleges that Future FinTech and its executives violated federal securities laws by making false and misleading statements to investors. The lead plaintiff is seeking to represent a class of investors who suffered losses exceeding $25,000. If you suffered losses and would like to discuss your legal rights, you can contact the law firm directly.
In January 2024, the United States Securities and Exchange Commission (SEC) charged Future FinTech CEO Shanchun Huang with fraud and disclosure failures. The SEC alleges that Huang manipulated the price of Future FinTech stock and failed to disclose his beneficial ownership of the stock as well as transactions in it. Following the SEC announcement, the price of Future FinTech stock declined over 20% in after-hours trading.
Faruqi & Faruqi, LLP is a leading national securities law firm with offices in New York, Pennsylvania, California, and Georgia. The firm encourages anyone with information regarding Future FinTech’s conduct to contact them, including whistleblowers, former employees, and shareholders.
