Futu Holdings faces a class-action lawsuit from U.S. shareholders, causing its stock price to drop approximately 32%.
Caixin reported on July 14 that an investor has filed a securities class action lawsuit against Futu Holdings (NASDAQ: FUTU) in the U.S. District Court for the Southern District of New York. The lawsuit alleges violations of the U.S. Securities Exchange Act of 1934 provisions on securities fraud and liability for controlling persons. Defendants include Futu Holdings, its founder, Chairman, and CEO Hua Li (Leaf Li), and its CFO Yu Chen. The lawsuit claims the company’s stock fell by about 32%. Cl
FUTU4.54%
Bisc·07-15 03:41


