NEW YORK, July 28, 2023 (GLOBE NEWSWIRE) — The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Futu Holdings Limited FUTU alleging that the Company violated federal securities laws.
Class Period: April 27, 2020 to May 16, 2023
Lead Plaintiff Deadline: August 11, 2023
No obligation or cost to you.
Learn more about your recoverable losses in FUTU:
Futu Holdings Limited NEWS – FUTU NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Futu Holdings Limited made materially false and/or misleading statements and/or failed to disclose that: (1) Futu’s business was, quite simply, illegal as it related to operations in China as a result of its failure to obtain the proper licenses; (2) it did not fully disclose to investors that it was engaging in unlawful activity and instead falsely characterized the applicable Chinese laws as ambiguous; (3) the foregoing subjected the Company to a heightened risk of regulatory enforcement; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Futu you have until August 11, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Futu securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the FUTU lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/futu-lawsuit-loss-submission-form?id=42691&from=3.
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