NEW
YORK, Aug. 20, 2024 /PRNewswire/ -- Moore
Law, PLLC, a shareholder litigation law firm located on Wall
Street, is investigating potential claims against:
- Future FinTech Group Inc. (NASDAQ: FTFT).
Shareholders should email Fletcher@fmoorelaw.com
On January 11, 2024, the Securities and Exchange Commission
(the "SEC") filed a civil lawsuit alleging civil violations of the
federal securities laws against Mr. Shanchun Huang, the Chief
Executive Officer of Future FinTech Group Inc. ("Future
FinTech" or the "Company") for what the Commission contends was
manipulative trading in the stock of Future FinTech before Mr.
Huang became Future FinTech's CEO in 2020. The Commission also
claims that Mr. Huang did not disclose his beneficial ownership of
Future FinTech stock as well as transactions in such stock.
Despite denying the allegations, the company replaced
Shanchun Huang as CEO on
August 5, 2024 with Hu Li. Shanchun
Huang allegedly stepped down for personal
reasons.
Other allegations include Shanchun Huang manipulated the
price of Future FinTech stock; Huang and Future FinTech lied to the
Securities and Exchange Commission about the nature of Defendant
Huang's ownership of Future FinTech stock; Future FinTech
understated its legal risk; and Future FinTech did not disclose the
unlawful measures Huang took to prop up the price of its stock.
Over the last 12 months, FTFT stock is down 77%.
If you own Future FinTech Group Inc.
(NASDAQ: FTFT), please contact Fletcher Moore by
email at fletcher@fmoorelaw.com or (212) 709-8245.
ABOUT MOORE LAW PLLC
Moore Law is a NYC plaintiff litigation law firm for investors.
We hold officers and directors accountable for breaches of
fiduciary duty, fraud, insider trading, wasteful
spending, and other corporate malfeasance. There is no cost to you.
Our investor cases are contingency only.
Fletcher Moore, Esq.
Moore Law, PLLC
fletcher@fmoorelaw.com
(212) 709-8245
www.fmoorelaw.com
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SOURCE Moore Law PLLC
