Investors Target Futu Holdings in Securities Class Action

The complaint filed against the NASDAQ-listed firm centers on violations of the Securities Exchange Act of 1934. Plaintiffs allege that Futu Holdings operated in China without the necessary approval from the China Securities Regulatory Commission, rendering its public disclosures throughout the three-year class period materially false. The DJS Law Group is currently soliciting affected shareholders to serve as potential lead plaintiffs in the ongoing action.

Those seeking to participate in the recovery process are not required to hold lead plaintiff status. Counsel for the action, David J. Schwartz, notes that the firm specializes in corporate governance and securities litigation, representing institutional clients including hedge funds and alternative asset managers. Investors who incurred losses during the specified window may contact the Eastchester-based firm to discuss their legal standing ahead of the late August filing deadline.