UP Fintech Holding Limited Class Action Lawsuit - TIGR

Company
UP Fintech Holding Limited (NASDAQ: TIGR)
Lead Plaintiff Deadline
January 6, 2020 (Expired)
Class Period
March 20, 2019 - May 16, 2019

Expired

Lead Plaintiff Deadline

Jan 6, 2020

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Allegations

(i) Fintech was experiencing a material decrease in commissions because of a negative trend related to risk-averse investors in the market; (ii) 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; (iii) Fintech was incurring significant additional expenses related to, inter alia, employee headcount and employee compensation and benefits; (iv) all of the foregoing had led to Fintech significantly increasing operating costs and expenses; and (v) 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.

Eligibility

In order to be eligible to join the TIGR class action lawsuit, you must have incurred a loss on shares of purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), 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.

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