NEW
YORK, Feb. 10, 2025 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law
firm, is investigating whether certain officers and directors of
GigaCloud Technology Inc. (NASDAQ: GCT) breached
their fiduciary duties to shareholders.
According to a federal securities lawsuit, GigaCloud insiders
caused the company to misrepresent or fail to disclose that (1)
that the Company's business is a fraction of what it publicly
claims, as evidenced by staffing and activity levels at its
warehouses; (2) that the Company overstated its last-mile
operations; (3) that the Company engaged in undisclosed related
party transactions; (4) that, as a result, the Company's financial
results were overstated; (5) that, as a result of the foregoing,
positive statements about the Company's business, operations, and
prospects were materially misleading and/or lacked a reasonable
basis.
If you currently own GCT and purchased prior to August 8, 2022
please contact Justin Kuehn,
Esq. here, by email at justin@kuehn.law or
call (833) 672-0814. Kuehn
Law pays all case costs and does not charge its investor
clients. Shareholders should contact the firm immediately as
there may be limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved,
you contribute to the integrity and fairness of the financial
markets. Your investment. Your voice. Your
future.™
For additional information, please visit Shareholder Derivative
Litigation - Kuehn Law.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
justin@kuehn.law
(833) 672-0814
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SOURCE Kuehn Law, PLLC
