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TLDR:
Investors of Future FinTech Group Inc. are urged to contact Faruqi & Faruqi, LLP before the March 18, 2024 deadline to discuss potential claims against the company. The investigation alleges that the company and its executives violated federal securities laws by manipulating stock prices and failing to disclose important information.
Article Summary:
Faruqi & Faruqi, LLP is investigating potential claims against Future FinTech Group Inc. for violating federal securities laws. The investigation alleges that the company and its executives, particularly Defendant Shanchun Huang, manipulated the price of Future FinTech stock, lied to the Securities and Exchange Commission, understated legal risk, and failed to disclose unlawful measures taken to prop up the stock price. The United States Securities and Exchange Commission charged Huang with manipulative trading and failing to disclose beneficial ownership of Future FinTech stock, which resulted in a significant decline in the stock price. Investors who suffered losses exceeding $25,000 between March 10, 2020, and January 11, 2024, are encouraged to contact Faruqi & Faruqi, LLP before the March 18, 2024 deadline. The court-appointed lead plaintiff is responsible for overseeing the litigation on behalf of the class, and anyone with information regarding Future FinTech’s conduct is encouraged to contact the law firm.
