(English) Up Fintech Holding Limited
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(English) SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Up Fintech Holding Limited – TIGR
New York, N.Y., November 15, 2019. Zhang Investor Law announces the a class action lawsuit on behalf of shareholders who bought shares of Up Fintech Holding Limited (NASDAQ: TIGR) (a) pursuant and/or traceable to Up Fintech’s initial public offering conducted on or about March 20, 2019 (the “IPO” or “Offering”); or (b) between March 20, 2019 and May 16, 2019, both dates inclusive (the “Class Period”).
To join the TIGR class action, go to http://zhanginvestorlaw.com/cases/up-fintech-holding-limited/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE A LEAD PLAINTIFF TO SECURE COMPENSATION.
According to the lawsuit, throughout the Class Period: (1) Fintech was experiencing a material decrease in commissions because of a negative trend related to risk-averse investors in the market; (2) Fintech was unable to absorb costs associated with the rapid growth of its business and its status as a publicly listed company on a U.S. exchange; (3) Fintech was incurring significant additional expenses related to, inter alia, employee headcount and employee compensation and benefits; (4) all of the foregoing had led to Fintech significantly increasing operating costs and expenses; and (5) as a result, defendants’ statements regarding Up Fintech’s business, operations, and prospects, were materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 6, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/up-fintech-holding-limited/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.