NEW YORK,
Aug. 11,
2023 /PRNewswire/ -- Jakubowitz Law announces that a
securities fraud class action lawsuit has commenced on
behalf of shareholders of UP Fintech Holding Limited (NASDAQ:
TIGR).
To receive updates on the lawsuit, fill out
the
form:
https://claimyourloss.com/securities/up-fintech-class-action-loss-submission-form/?id=43307&from=4
The lawsuit seeks to recover losses for
shareholders who purchased UP Fintech between April 29, 2020 and May 16, 2023.
Shareholders interested in acting as a lead
plaintiff representing the class of wronged shareholders have until
August 21, 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, UP Fintech
Holding Limited issued materially false and/or misleading
statements and/or failed to disclose that: (1) UP Fintech'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) UP Fintech did not fully
disclose to investors that it was engaging in unlawful activity and
instead 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