SHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Singularity Future Technology Ltd. with Losses of $100,000 to Contact the Firm
LOS ANGELES–(BUSINESS WIRE)–$SGLY #SGLY—The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Singularity Future Technology Ltd. (“Singularity” or “the Company”) (NASDAQ: SGLY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between February 12, 2021 and November 17, 2022, inclusive (the ”Class Period”), are encouraged to contact the firm before February 7, 2023.
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, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, 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 bschall@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. Singularity concealed former CEO Yang Jie’s true educational background, that he is the subject of an arrest warrant in China, that he was accused of forgery, and that he is also the VP of Finance for China Commercial Credit (“CCC”), a publicly-traded company that reported massive losses. The Company engaged in related party transactions including with one organization where Jie’s wife served as a VP. The Company failed to maintain appropriate internal controls. Based on these facts, the Company’s public statements were false and materially misleading. When the market learned the truth about Singularity, 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.
Contacts
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com