NEW
YORK, July 7, 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=41798&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