NEW
YORK, July 28, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class
action lawsuit has commenced on behalf of shareholders of Futu
Holdings Limited (NASDAQ: FUTU).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/futu-class-action-loss-submission-form/?id=42666&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Futu between April 27, 2020
and May 16, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
August 11, 2023 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Futu Holdings Limited issued
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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities
fraud. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law