FTFT INVESTOR ALERT: Kaplan Fox & Kilsheimer LLP Notifies Future FinTech investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, NY - (NewMediaWire) - January 23, 2024 - Kaplan Fox & Kilsheimer LLP reminds investors that a complaint has been filed on behalf of purchasers or acquirers of the securities of Future FinTech Group Inc. (“Future FinTech” or the “Company”) (NASDAQ: FTFT) between March 10, 2020 and January 11, 2024, inclusive (the “Class Period”). Click Here to Join Investigation.

If you acquired Future FinTech securities during the Class Period and would like to discuss our investigation, please click here or contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

According to the complaint, on January 11, 2024, the U.S. Securities and Exchange Commission (“SEC”) posted a press release on its website entitled “SEC Charges Future FinTech CEO Shanchun Huang With Fraud and Disclosure Failures.” Attached to the announcement was a complaint the SEC filed against CEO Huang alleging he "manipulated the stock price of Future FinTech by buying hundreds of Future FinTech shares to artificially increase the company's stock price shortly before and after he became CEO in March 2020."

Following this news, the price of Future Fintech stock fell $0.27, or 20.93%, to close at $1.02 on January 12, 2024.

According to the complaint, during the Class period, defendants failed to disclose that: (1) CEO Huang manipulated the price of Future FinTech stock; (2) CEO Huang and Future FinTech lied to the SEC about the nature of defendant Huang’s ownership of Future FinTech stock; (3) Future FinTech understated its legal risk; (4) and Future FinTech did not disclose the unlawful measures CEO Huang took to prop up the price of its stock.

If you are a member of the proposed Class, you may move the court no later than March 18, 2024 to serve as a lead plaintiff for the purported class.  If you have losses, we encourage you to contact us to learn more about the lead plaintiff process.

WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey.  With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand.  Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. 

If you have any questions about this Notice, your rights, or your interests, please contact:

Pamela A. Mayer

KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(212) 329-8571

E-mail: pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: lking@kaplanfox.com