Futu Holdings Limited (FUTU)

FUTU Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Futu Holdings Limited

("Futu” or "the Company") (NASDAQ: FUTU). The investigation concerns whether Futu and certain of its officers and/or directors have violated federal securities laws.

 

On March 7, 2020, Futu sold 7,500,000 American Depository Shares ("ADSs") at $12.00 per ADS. The company raised over $90 million in its initial public offering (“IPO”). On March 17, 2020, Futu revealed that it had failed to account for its preferred shares in calculating its earnings per share (“EPS”), resulting in a substantial decrease in its EPS. Following this news, Futu stock dropped.

 

If you are aware of any facts relating to this investigation, or purchased Futu shares, you can also contact Peretz Bronstein of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

© 2020 Bronstein, Gewirtz & Grossman, LLC

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BG&G is not affiliated to any of these companies. All respective trademarks are owned by the respective companies.