SAN DIEGO, Dec. 30, 2022 (GLOBE NEWSWIRE) —
The Class: Robbins LLP reminds investors that a shareholder filed a class action on behalf of all investors who purchased or otherwise acquired Singularity Future Technology Ltd. ( SGLY) securities between February 12, 2021 and November 17, 2022, for violations of the Securities Exchange Act of 1934. Singularity is engaged in blockchain supply management.
What Now: Similarly situated shareholders may be eligible to participate in the class action against Singularity. Shareholders who want to act as lead plaintiff for the class must file their papers by February 7, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
What is this Case About: Singularity Future Technology Ltd. (SGLY, Financial) Made False and Misleading Statements Regarding its CEO’s Adverse Background, Related Party Transactions, and Inadequate Internal Controls
According to the complaint, on May 5, 2022, Hindenburg Research issued a report about Singularity asserting that the “Company’s CEO Is A Fugitive, On The Run For Allegedly Operative A Massive Ponzi Scheme.” The report alleged that defendants failed to disclose: (a) CEO Yang Jie had an outstanding arrest warrant in China, committed forgery, and…
