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Deadline on January 6, 2020 coming up in Lawsuit for Investors in UP Fintech Holding Limited (NASDAQ: TIGR)

12-20-2019 01:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on January 6, 2020 in the lawsuit for certain investors in UP Fintech Holding Limited (NASDAQ: TIGR).

A Deadline is coming up on January 6, 2020 in the lawsuit for certain investors in UP Fintech Holding Limited (NASDAQ: TIGR).

The Shareholders Foundation announced that a deadline is coming up on January 6, 2020 in the lawsuit filed for certain investors of UP Fintech Holding Limited (NASDAQ: TIGR) over alleged securities laws violations by UP Fintech Holding Limited.

Investors who purchased shares of UP Fintech Holding Limited (NASDAQ: TIGR) have certain options and there are strict and short deadlines running. Deadline: January 6, 2020. NASDAQ: TIGR stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges, that Offering Documents that were filed in connection with the Company’s initial public offering (“IPO”) were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation.

More specifically, the plaintiff claims that in the Offering Documents and between March 20, 2019 and May 16, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Fintech was experiencing a material decrease in commissions because of a negative trend related to risk-averse investors in the market, that UP Fintech Holding Limited 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, that UP Fintech Holding Limited was incurring significant additional expenses related to, inter alia, employee headcount and employee compensation and benefits, that all of the foregoing had led to UP Fintech Holding Limited significantly increasing operating costs and expenses, and that as a result, the Offering Documents were materially false and/or misleading and failed to state information required to be stated therein, and the Company’s statements between March 20, 2019 and May 16, 2019 were likewise materially false and/or misleading.

Those who purchased shares of UP Fintech Holding Limited (NASDAQ: TIGR) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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