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Globe Newswire 24-Jan-2023 6:50 PM
Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Jan. 24, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Singularity Future Technology Ltd. f/k/a Sino-Global Shipping America Ltd. ("Singularity" or "the Company") (NASDAQ:SGLY) investors that a lawsuit filed on behalf of investors that purchased Singularity securities (NASDAQ:SGLY) between February 12, 2021 and November 17, 2022, both dates inclusive (the "Class Period").
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: firstname.lastname@example.org, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.
The lawsuit claims that Singularity, a company, and its leaders made false statements and hid information during a certain period of time. This includes concealing the past of the former CEO, Yang Jie, who had an arrest warrant and a history of forgery in China, as well as his connections to other companies. The lawsuit also alleges that the company's leaders did not disclose material information about business transactions and connections of independent director John Levy, and that the company's internal controls were inadequate. As a result of these actions, the company was under investigation by the United States Attorney's Office, the SEC, and faced potential delisting by NASDAQ. The lawsuit argues that these false statements and concealments caused investors harm when the truth was revealed.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar