Case Summary

Future Fintech

NASDAQ: FTFT

Case Details

  • Labelle v. Future FinTech Group Inc. et al.
  • Class Period:March 10, 2020 - January 11, 2024
  • Date Filed:January 16, 2024
  • Jurisdiction:U.S. District Court, District of New Jersey
  • Docket Number: 2:24-cv-00247
  • Lead Plaintiff Deadline: March 18, 2024
Days Left to
Seek Plaintiff
26

Overview

A class action lawsuit has been filed against Future FinTech Group, Inc., (“Future FinTech” or the “Company”) (NASDAQ: FTFT) and certain of the Company’s current and former senior executive officers alleging violations of the Securities Exchange Act of 1934. The lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired publicly traded Future FinTech securities from March 10, 2020, through January 11, 2024, both dates inclusive (the “Class Period”) and investors have until March 18, 2024, to seek appointment as lead plaintiff of the Future FinTech class action lawsuit.

Future FinTech business activities include supply chain financial services and trading, asset management and cross-border money transfer services. The Company has also expanded into cryptocurrency mining and cryptocurrency market data and information service business.

The lawsuit alleges that Defendants, throughout the Class Period, made materially false and/or misleading statements and/or failed to disclose that: (1) Defendant Shanchun Huang manipulated the price of Future FinTech stock; (2) Defendant Huang and Future FinTech lied to the Securities and Exchange Commission about the nature of Defendant Huang’s ownership of Future FinTech stock; (3) Future FinTech understated its legal risk; (4) Future FinTech did not disclose the unlawful measures that Defendant Huang took to prop up the price of its stock; and (5) 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

*          *          *

If you purchased or otherwise acquired publicly traded Future FinTech (NASDAQ: FTFT) securities from March 10, 2020, through January 11, 2024, both dates inclusive, and suffered substantial losses, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Future FinTech lawsuit is March 18, 2024.

Join This Action

Name(Required)
Address(Required)
Are you a current or former employee at the company?(Required)

Purchases

Purchases Buy Date Quantity Purchase Price per share or security Actions
       

Sales

Sale Type Sale Date Quantity Sale Price per share or security Actions
       

Upload Documents

Drop files here or
Accepted file types: xls, xlsx, doc, pdf, jpg, jpeg, Max. file size: 50 MB, Max. files: 5.