Michael has over 20 years of experience representing individual and small business plaintiffs against the world’s large financial institutions, including Visa, Mastercard, and Chase.
Our firm is investigating possible legal claims on behalf of UP Fintech Holding Limited shareholders. In March of 2019, UP Fintech (NASDAQ: TIGR) conducted its initial public offering (IPO), with shares priced at $8.00 per share. Since its IPO, UP Fintech’s shares have fallen steeply, dropping as low as $4.50 per share on August 26th.
If you lost money on UP Fintech Holding Limited, you may be eligible to recover you losses. Contact our experienced securities lawyers to learn more about your options.
UP Fintech Plummets over 40% in 5 Months; Drops 11% in One Day
UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, is an online brokerage firm focusing on global Chinese investors. In March of 2019, UP Fintech raised $104,000,000 in new capital as a result of its initial public offering, with shares priced at $8.10 per share. In less than six months, however, the stock price has plummeted.
On August 23, 2019, on an investor conference call to discuss the second quarter financial results, CFO John Zeng admitted
[T]rading volume actually slowed down a little bit because the market activity slows down. So the activities also slowed down a little bit on our platform.
Following this call, share prices dropped 11% in one day; closing at $4.50 per share on August 26th. Our firm will continue to investigate legal claims on behalf of investors.
Our Securities Lawyers Have a Winning Record Against Companies Like UP Fintech Holding Limited
Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.
You “shouldn’t presume that powerful banks and other powerful interests can just get away with doing bad things. Good, qualified counsel that are committed to a cause can usually figure out how to prosecute such cases effectively and prevail.”
–Eric Gibbs, award-winning securities attorney
Praise from the Courts
Federal judge in our AT&T class action:
“I’ve always found them to be extraordinary counsel in terms of their preparation and their professionalism.”
Federal judge in our Chase lawsuit (resulting in $100 million settlement):
They “fought tooth and nail, down to the wire” to achieve “the best settlement that they could under the circumstances.”
Read more about what judges say about us.
Our Featured Securities Team
Eileen works closely with investors in securities cases and has over a decade of experience in the legal world. She received her law degree from American University in 2005.
David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the Top 40 Under 40 by Daily Journal and a “Rising Star in Class Actions” by Law360.
Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product.
Gibbs Law Group is a California-based law firm committed to protecting the rights of clients nationwide who have been harmed by corporate misconduct. We represent individuals, whistleblowers, employees, and small businesses across the U.S. against the world’s largest corporations. Our award-winning lawyers have achieved landmark recoveries and over a billion dollars for our clients in high-stakes class action and individual cases involving consumer protection, data breach, digital privacy, and federal and California employment lawsuits. Our attorneys have received numerous honors for their work, including “Top Plaintiff Lawyers in California,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” “Best Lawyers in America,” and “Top Cybersecurity/ Privacy Attorneys Under 40.”
About Gibbs Law Group
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