Rosen Law Firm Sets August Deadline for Futu Holdings Securities Fraud Lawsuit
Investors in Futu Holdings Limited have until August 25, 2026, to potentially serve as lead plaintiff in a class action lawsuit alleging securities fraud.
Rosen Law Firm has announced a lead plaintiff deadline of August 25, 2026, for investors who purchased securities of Futu Holdings Limited (NASDAQ: FUTU) between May 24, 2023, and May 27, 2026. The class action lawsuit alleges that the company and its executives made materially false and misleading statements and failed to disclose crucial information regarding its operations in mainland China.
According to the lawsuit, Futu allegedly operated in violation of the China Securities Regulatory Commission's (CSRC) requirements, conducting securities and fund sales businesses without the necessary licenses. This alleged non-compliance, the complaint states, put Futu at risk of regulatory penalties and likely overstated its financial results during the class period.
Investors who purchased Futu securities during the specified period may be entitled to compensation without incurring out-of-pocket expenses, as the law firm operates on a contingency fee basis. The firm is seeking individuals to serve as lead plaintiff, a role that represents the interests of all class members in directing the litigation.
Rosen Law Firm, which specializes in securities class actions, urges investors to carefully select legal counsel. The firm highlights its experience in recovering assets for investors. Investors are advised that no class has yet been certified, and they retain the right to select their own counsel or remain passive class members.