LOS ANGELES, CA / ACCESSWIRE / November 7, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against UP Fintech Holding Limited ("UP Fintech" or "the Company") (NASDAQ:TIGR) for violations of the federal securities laws.
Investors who purchased UP Fintech securities pursuant and/or traceable to the Company's initial public offering conducted on or about March 20, 2019 (the "IPO"); or between March 20, 2019 and May 16, 2019, both dates inclusive (the "Class Period"), are encouraged to contact the firm before January 6, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
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.
According to the Complaint, the Company made false and misleading statements to the market. UP Fintech suffered a drop in commissions due to an ongoing downtrend amongst risk-averse investors. The Company failed to manage the costs of its quick growth and raised profile of being listed on a U.S. exchange. The Company also had increased costs associated with headcount and benefits. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about UP Fintech, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com
SOURCE: The Schall Law Firm
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