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ROSEN, A LEADING GLOBAL LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Up Fintech Holding Limited - TIGR

NEW YORK, Nov. 9, 2019 /PRNewswire/ --A Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Up Fintech Holding LimitedA (NASDAQ: TIGR): (a) pursuant and/or traceable to Up Fintech's initial public offering conducted on or about March 20, 2019 (the "IPO" or "Offering"); or (b) between March 20, 2019 and May 16, 2019, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for Up Fintech investors under the federal securities laws.
ROSEN, A LEADING GLOBAL LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Up Fintech Holding Limited - TIGR
To join the Up Fintech class action, go to https://www.rosenlegal.com/cases-register-1714.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.According to the lawsuit, the Registration Statement and Defendants' statements throughout the Class Period were false and/or misleading and/or failed to disclose that: (1) Fintech was experiencing a material decrease in commissions because of a negative trend related to risk-averse investors in the market; (2) Fintech was unable to absorb costs associated with the rapid growth of its business and its status as a publicly listed company on a U.S. exchange; (3) Fintech was incurring significant additional expenses related to, inter alia, employee headcount and employee compensation and benefits; (4) all of the foregoing had led to Fintech significantly increasing operating costs and expenses; and (5) as a result, defendants' statements regarding Up Fintech's business, operations, and prospects, were materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
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