Deadline looming: Fintech investors, join James (Josh) Wilson for legal guidance

January 25, 2024
1 min read

In a recent article, Faruqi & Faruqi, LLP, a leading national securities law firm, has announced that it is investigating potential claims against Future FinTech Group Inc. (NASDAQ: FTFT). The investigation is in response to a federal securities class action that has been filed against the company. The complaint alleges that Future FinTech and its executives violated federal securities laws by making false and/or misleading statements and failing to disclose important information. Specifically, the complaint alleges that Future FinTech’s CEO, Shanchun Huang, manipulated the price of the company’s stock and lied to the Securities and Exchange Commission about his ownership of the stock. These alleged actions resulted in material misstatements and omissions about the company’s business, operations, and prospects. On January 11, 2024, the Securities and Exchange Commission charged Huang with manipulative trading and failing to disclose his beneficial ownership of Future FinTech stock. Following this announcement, the price of Future FinTech stock declined over 20% in after-hours trading. Faruqi & Faruqi reminds investors that the deadline to seek the role of lead plaintiff in the class action is March 18, 2024. Investors who suffered losses exceeding $25,000 and would like to discuss their legal rights are encouraged to contact Faruqi & Faruqi directly.

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