Lead plaintiff deadline set for UP Fintech securities class action
Investors in UP Fintech Holding Limited have until December 28, 2026, to file for lead plaintiff status in a pending securities fraud lawsuit.
Levi & Korsinsky, LLP has notified shareholders of UP Fintech Holding Limited that the deadline to move for appointment as lead plaintiff in a class action lawsuit is December 28, 2026. The litigation concerns investors who purchased TIGR securities between April 22, 2024, and June 2, 2026.
The complaint alleges that the company misled shareholders regarding its compliance with Chinese regulatory directives. While UP Fintech reported that it was taking steps to rectify unlicensed cross-border business, regulators later determined that the firm continued to conduct unauthorized activities in mainland China.
Following the May 2026 disclosure of these findings, the company faced approximately RMB 411.2 million in administrative penalties and asset forfeitures. The news triggered a significant decline in the company’s share price and resulted in a transition from net income to a net loss in the first quarter of 2026.
Investors who incurred losses during the specified class period may seek to recover damages through the ongoing legal action.