Future FinTech Faces Securities Class Action Lawsuit

CEO Shanchun Huang Accused of Manipulating Stock Price and Lying to SEC

Future FinTech Group Inc. is facing a securities class action lawsuit, with investors urged to secure counsel.
The lawsuit alleges that Future FinTech's CEO, Shanchun Huang, manipulated the company's stock price and lied to the Securities and Exchange Commission about his ownership of the stock.
The company is also accused of understating its legal risk and not disclosing the unlawful measures taken by Huang to prop up the stock price.
The class action lawsuit covers investors who purchased Future FinTech securities between March 10, 2020 and January 11, 2024.
Investors have until March 18, 2024 to join the class action lawsuit.