SINGULARITY INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Singularity To Contact Him Directly To Discuss Their Options

Key Facts

• Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Singularity Future Technology Ltd.
• ("Singularity" or the "Company") (NASDAQ: SGLY, SINO) and reminds investors of the February 7, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
• Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
• According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) the Company's former Chief Executive Officer ("CEO") Yang Jie's true educational background, that he had an outstanding arrest warrant in China, committed forgery, was the largest shareholder and Vice President of Finance, for a Nasdaq-listed lending company, China Commercial Credit ("CCC"), which failed after reporting massive losses; (2) material related party transactions with SOS Information Technology New York Inc. ("SOS") (where Jie's wife was Vice President) and Rich Trading Co. Ltd USA ("Rich Trading"); (3) independent director John Levy's long tenure as a director of CCC; (4) the Company lacked adequate internal controls and as a result had a heightened risk of scrutiny and ultimately was subject to a United States Attorney's Office for the Southern District of New York and SEC investigation and action as well as a potential delisting by NASDAQ; and as a result (5) the Company's statements during the Class Period about the historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of the Company, and were materially false and misleading, and lacked a factual basis.

Click To Read Full Article