2023-02-02 | NDAQ:SGLY | Press Launch

2023-02-02 | NDAQ:SGLY | Press Launch

New York, New York–(Newsfile Corp. – February 2, 2023) – Levi & Korsinsky, LLP notifies traders in Singularity Future Know-how Ltd. (“Singularity” or the “Firm”) (NASDAQ: SGLY) of a category motion securities lawsuit.

The lawsuit on behalf of Singularity traders has been commenced within the the USA District Court docket for the Jap District of New York. Affected traders bought or in any other case acquired sure Singularity Future Know-how Ltd. securities between February 12, 2021 and November 17, 2022. Observe the hyperlink beneath to get extra info and be contacted by a member of our staff:

Singularity Future Technology Lawsuit Submission Form

or contact Joseph E. Levi, Esq. both through electronic mail at [email protected] or by phone at (212) 363-7500. There isn’t a value or obligation to you.

2023-02-02 | NDAQ:SGLY | Press Launch

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Singularity Future Know-how Ltd. NEWS – SGLY NEWS

CASE DETAILS: The filed grievance alleges that defendants made false statements and/or hid that: (1) the Firm had misrepresented the true academic background of its former CEO, Yang Jie; 2) Yang Jie had an excellent arrest warrant in China, had dedicated forgery, and was the most important shareholder and VP of Finance for a Nasdaq-listed lending firm, China Business Credit score (“CCC”), which failed after reporting large losses; (3) there existed materials associated get together transactions with SOS Info Know-how New York Inc. (the place Jie’s spouse was Vice President) and Wealthy Buying and selling, whose CEO was defendant Lei Nie, the husband of Singularity CFO Tuo Pan; (4) Singularity director John Levy had been a director at CCC from January 2013 by means of December 2016 as CCC failed amidst detailed allegations that Jie, when he was an govt and shareholder in CCC, misappropriated property; (5) the Firm lacked enough inner controls, and because of this had a heightened threat of scrutiny and was finally topic to a United States Lawyer’s Workplace for the Southern District of New York and SEC investigation and motion in addition to a possible delisting by NASDAQ; and (6) because of this, the Firm’s statements through the class interval in regards to the historic monetary and operational metrics and purported market alternatives didn’t precisely replicate the precise enterprise, operations, and monetary outcomes and trajectory of the Firm, and had been materially false and deceptive and lacked a factual foundation.

WHAT THIS MEANS TO SHAREHOLDERS: In case you suffered a loss in Singularity through the related timeframe, you may have till February 7, 2023 to request that the Court docket appoint you as lead plaintiff. Your skill to share in any restoration would not require that you simply function a lead plaintiff.

NO COST TO YOU: If you’re a category member, you might be entitled to compensation with out cost of any out-of-pocket prices or charges. Talk about your rights with our authorized staff with out value or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Full this temporary submission kind https://www.zlk.com/pslra-1/singularity-future-technology-lawsuit-submission-form?prid=36205&wire=5 or name 212-363-7500 to debate the case.

WHY LEVI & KORSINSKY: Over the previous 20 years, the staff at Levi & Korsinsky has secured a whole lot of thousands and thousands of {dollars} for aggrieved shareholders and constructed a monitor file of successful high-stakes instances. Our agency has in depth experience representing traders in advanced securities litigation and a staff of over 70 staff to serve our purchasers. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Motion Companies’ High 50 Report as one of many high securities litigation corporations in the USA.


Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

55 Broadway, tenth Ground

New York, NY 10006

[email protected]

Tel: (212) 363-7500

Fax: (212) 363-7171


To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/153561