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FTFT.US

Future FinTech (FTFT) Stock Manipulation Case

D. New Jersey
Court
2:24-cv-00247
Case number
10 Mar 2020
Class period Start
11 Jan 2024
Class period End
  • $FTFT stockholder filed a claim vs. Future FinTech, accusing the CEO of manipulating the stock price.
  • The previous SEC disclosures caused $FTFT to fall 20%, losing $4M+ shareholder value loss.
On January 11, 2024, the SEC charged Future FinTech's CEO, Shanchun Huang, with manipulating $FTFT.
  • Shanchun Huang was accused of buying hundreds of thousands of the $FTFT to artificially boost its price.
The news led to a 20.9% drop in $FTFT, causing harm to investors.

Based on these events, $FTFT stockholder filed a claim against Future FinTech and its leaders:
  • The CEO supposedly manipulated $FTFT price and lied to the SEC about stock ownership.
  • Also Future FinTech failed to disclose unlawful measures taken to boost the stock.
Considering all the representations, investors have reasons to suspect that Future FinTech misled them about stock price manipulation, causing damages to investors when the truth was revealed.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
12 January 2024
Filing date
16 January 2024
Lead Plaintiff Deadline
18 March 2024
Judge
Jessica S Allen
Collecting participants…
Created by Polina Foster, Scout

Future Fintech Group Inc

Future FinTech Group Inc., through its subsidiaries, operates online shopping platforms in People's Republic of China. It operates in four segments: Shared Shopping Mall Membership Fee, Fruit Relat...

    Ticker
    FTFT.US
    ISIN
    US36117V1052
    CIK
    1066923
    Sector
    Technology
    Industry
    Software - Application
    Country
    USA
    Address
    Americas Tower, New York, NY, United States, 10036