FUTU LAWSUIT ALERT: Levi & Korsinsky Notifies Futu Holdings Limited Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, July 13, 2023

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Futu investors who were adversely affected by alleged securities fraud between April 27, 2020 and May 16, 2023. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/futu-lawsuit-submission-form?prid=42032&wire=4

FUTU investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Futu's business was, quite simply, illegal as it related to operations in China as a result of its failure to obtain the proper licenses; (2) it did not fully disclose to investors that it was engaging in unlawful activity and instead falsely characterized the applicable Chinese laws as ambiguous; (3) the foregoing subjected the Company to a heightened risk of regulatory enforcement; and (4) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

WHAT'S NEXT? If you suffered a loss in Futu during the relevant time frame, you have until August 11, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.