Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, June 26, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Futu Holdings Limited (NASDAQ: FUTU) investors that a lawsuit filed on behalf of investors that purchased Futu securities between April 27, 2020 and May 16, 2023, inclusive (the “Class Period”)
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
As per the allegations in the complaint, the defendants, during the specified class period, were involved in making false and/or deceptive statements, as well as failing to disclose certain information. The specific claims are as follows:
- The defendants did not disclose that Futu's business operations in China were illegal due to their failure to acquire the necessary licenses.
- Instead of disclosing their unlawful activities, the defendants falsely characterized the relevant Chinese laws as ambiguous, thereby misleading investors.
- This non-disclosure and mischaracterization exposed the company to an increased risk of regulatory enforcement.
- Consequently, the defendants' statements regarding the company's business, operations, and future prospects were materially false, misleading, and lacked a reasonable basis throughout the relevant times.
As a result of these alleged wrongful acts, members of the class have suffered significant losses and damages.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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