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Investigation announced for Investors in Futu Holdings Limited (NASDAQ: FUTU) over potential Wrongdoing

08-14-2020 02:28 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Futu Holdings Limited (NASDAQ: FUTU) shares over potential wrongdoing at Futu Holdings

An investigation on behalf of investors in Futu Holdings Limited (NASDAQ: FUTU) shares over potential wrongdoing at Futu Holdings

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Futu Holdings Limited.

Investors who purchased shares of Futu Holdings Limited (NASDAQ: FUTU) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Futu Holdings Limited directors breached their fiduciary duties and caused damage to the company and its shareholders.

China based Futu Holdings Limited operates digitized brokerage and wealth management platform in Hong Kong, China, the United States, and internationally.
On March 7, 2020, Futu Holdings Limited sold 7,500,000 American Depository Shares (“ADSs”) at $12.00 per ADS, raising over $90 million in its initial public offering (“IPO”).
Then on March 17, 2020, Futu Holdings Limited disclosed that it had not accounted for its preferred shares in calculating its earnings per share, resulting in a substantial decrease in earnings per share.

Shares of Futu Holdings Limited (NASDAQ: FUTU) declined on March 23, 2020, to as low as $8.16 per share.

Those who purchased shares of Futu Holdings Limited (NASDAQ: FUTU) 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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