Press release
Investigation announced for Investors who lost money with GigaCloud Technology Inc. (NASDAQ: GCT) over potential Wrongdoing by certain Directors
An investigation on behalf of current long term investors in GigaCloud Technology Inc. (NASDAQ: GCT) shares.
Investors who are current long term investors in GigaCloud Technology Inc. (NASDAQ: GCT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: GCT stocks follows a lawsuit filed against GigaCloud Technology Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: GCT stocks, concerns whether certain GigaCloud Technology Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that, the Defendants failed to disclose to investors that the Company's business is a fraction of what it publicly claims, as evidenced by staffing and activity levels at its warehouses, that the Company overstated its last-mile operations, that the Company engaged in undisclosed related party transactions, that, as a result, the Company's financial results were overstated, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of GigaCloud Technology Inc. (NASDAQ: GCT) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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