NEW YORK–(BUSINESS WIRE)–$SGLY #classaction–The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Singularity Future Technology, Ltd. (“Singularity” or the “Company”) (NASDAQ: SGLY) securities between February 12, 2021 through November 17, 2022, both dates inclusive (the “Class Period”). Investors have until February 7, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Singularity is a global logistics and ship management services company.
On November 16, 2022, before market hours, Singularity disclosed that, “[t]he Company has received subpoenas from the United States Attorney’s Office for the Southern District of New York and the United States Securities and Exchange Commission. The Company is complying with these subpoenas and fully cooperating with these governmental entities. Additionally, the Special Committee of the Company’s Board of Directors is continuing to investigate the claims raised by Hindenburg Research on May 5, 2022 and other related matters.” On this news, the price of Singularity shares declined by $0.48 per share, or approximately 18.68%, from $2.57 per share to close at $2.09 on November 16, 2022.
If you purchased or otherwise acquired Singularity securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.
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Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1180
https://www.kmllp.com
investigations@kmllp.com