Deadline Alert: Understanding Lead Plaintiff Selection Under the PSLRA
NEW YORK, April 29, 2026 /PRNewswire/ -- IMPORTANT DATE: May 12, 2026. Investors who purchased ChowChow Cloud International Holdings Limited (NYSE American: CHOW) securities between September 16, 2025, and December 10, 2025, and wish to seek appointment as lead plaintiff must file a motion by this date. Start your claim now before the deadline or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.
CHOW shares collapsed 84.3%, falling from $11.70 to $1.83 per share on December 10, 2025, after NYSE American halted trading twice due to volatility linked to an alleged pump-and-dump promotion scheme.
What is a Lead Plaintiff?
Under the Private Securities Litigation Reform Act ("PSLRA"), any investor who purchased CHOW securities during the Class Period and suffered a financial loss may ask the Court to appoint them as lead plaintiff. The lead plaintiff selects counsel for the class and directs litigation strategy on behalf of all class members.
Lead Plaintiff Facts
Post-Deadline Procedures
After the May 12, 2026, deadline passes, the Court will evaluate competing motions. The PSLRA creates a rebuttable presumption that the movant with the largest financial interest should serve as lead plaintiff, provided that person otherwise satisfies the requirements of Rule 23 of the Federal Rules of Civil Procedure. Once appointed, the lead plaintiff will work with counsel to pursue claims on behalf of all purchasers who acquired CHOW stock between September 16, 2025, and December 10, 2025.
"The lead plaintiff process is designed to ensure the class is represented by shareholders with substantial interests in the outcome of the litigation. Investors who suffered losses in CHOW should understand that the May 12, 2026, deadline applies only to those seeking to lead the case, not to participation in any future recovery." -- Joseph E. Levi, Esq.
Find out if you qualify to recover losses or call Joseph E. Levi, Esq. at (212) 363-7500.
Levi & Korsinsky, LLP | Top 50 Securities Firm | (212) 363-7500 | www.zlk.com
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
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SOURCE Levi & Korsinsky
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