The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Futu Holdings Limited (“Futu” or “the Company”) (NASDAQ: FUTU) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Futu issued a press release on May 16, 2023, stating that it would remove “the Futubull app from app stores in Mainland China from May 19, 2023. In response to the Chinese Securities and Regulatory Commission’s (the 'CSRC') rectification requirements on cross-border securities business, Futu will remove the Futubull app from app stores in Mainland China in order to bring its operations into full compliance with such regulatory principle.” Based on this news, shares of Futu fell by more than 4.4% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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