SAN DIEGO, Jan. 27, 2023 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistel Law Office , on behalf of the investors of Singularity Future Technology Ltd. f/k/a Sino-Global Shipping America Ltd. (NASDAQ: SGLY) (“Singularity” or the “Company”), announces that a class action lawsuit has been initiated. To do. The class action is being filed on behalf of shareholders who purchased his Singularity securities between February 12, 2021 and November 17, 2022, inclusive (the “Class Period”). Investors are hereby notified that they will have until February 7, 2023 to order the Court to serve as the lead plaintiff in this action.
What action should I take at this time? If you have suffered a loss and would like to learn more about becoming a lead plaintiff, please contact Jim Baker at email@example.com by email or by phone at 619-814-4471. Please include your phone number when emailing.
Click the link below or copy and paste it into your browser to join the action.
https://www.cognitoforms.com/JohnsonFistel/Singularity Future Technology Ltd
There are no costs or obligations on you.
According to the lawsuit, during the class action, defendants made false and misleading statements and failed to disclose: , was the largest shareholder and vice president of finance of China Commercial Credit (“CCC”), a Nasdaq-listed lending company that committed counterfeiting and filed for bankruptcy after reporting huge losses. (2) significant related party transactions with SOS Information Technology New York Inc. (“SOS”) (where Jie’s wife was Vice President) and Rich Trading Co. Ltd USA (“Rich Trading”); (3) the lengthy tenure of independent director John Levy as a director of his CCC; (4) The Company lacks adequate internal controls, resulting in increased risk of scrutiny and ultimately subject to investigation and action by the U.S. Attorney’s Office for the Southern District of New York and the SEC, and delisting by NASDAQ. It was possible. As a result, (5) the Company’s statements regarding historical financial and operating metrics and projected market opportunities during the Class Period do not accurately reflect the Company’s actual business, operations, financial results and trajectory and It was false and misleading. .
The lead plaintiff is acting on behalf of all other class members in directing the Singularity class action. A lead plaintiff can choose a law firm to file a class action lawsuit. An investor’s ability to share in the potential future recoveries of a Singularity class action lawsuit is not dependent on serving as a lead plaintiff.
See below for more information regarding the lead plaintiff process. https://www.johnsonfistel.com/lead-plaintiff-deadlines.
About Johnson Fistell LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses caused by violations of federal securities laws. Learn more about our firm and its attorneys below. http://www.johnsonfistel.comAttorney Ads. Past results are no guarantee of future results.
Johnson Fistel Law Office
Jim Baker 619-814-4471