Levi & Korsinsky Announces UP Fintech Holding Class Action Investigation; TIGR Lawsuit

Class Action Reports

Levi & Korsinsky Announces UP Fintech Holding Class Action Investigation; TIGR Lawsuit

Levi & Korsinsky, LLP

November 14, 2019

Levi & Korsinsky, LLP announces that a TIGR class action lawsuit has been commenced on behalf of investors who purchased UP Fintech Holding Limited, (TIGR) (a) Fintech American Depository Shares pursuant and/or traceable to the Company’s initial public offering conducted on or about March 20, 2019; or (b) Fintech securities between March 20, 2019 and May 16, 2019. For more on the UP Fintech Holding Class Action please contact us today.

According to the UP Fintech Holding lawsuit, (1) Fintech was experiencing a material decrease in commissions because of a negative trend related to risk-averse investors in the market; (2) Fintech 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; (3) Fintech was incurring significant additional expenses related to, inter alia, employee headcount and employee compensation and benefits; (4) all of the foregoing had led to Fintech significantly increasing operating costs and expenses; and (5) as a result, the documents filed by the Company in connection with the initial public offering were materially false and/or misleading and failed to state information required to be stated therein, and the Company’s Class Period statements were likewise materially false and/or misleading.

TO LEARN MORE ABOUT THE TIGR CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/up-fintech-holding-limited-loss-form?prid=4316&wire=9.

If you suffered a loss in UP Fintech Holding you have until January 6, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com