INVESTOR ACTION NOTICE: The Schall Law Firm Encourages Investors in GigaCloud Technology Inc. with Losses of $100,000 to Contact the Firm
LOS ANGELES, Oct. 30, 2023 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against GigaCloud Technology Inc. ("GigaCloud" or "the Company") (NASDAQ: GCT) for violations of the federal securities laws.
Investors who purchased the Company's securities pursuant and/or traceable to the Company's August 2022 initial public offering ("IPO"), and/or purchased the Company's securities between August 18, 2022 and September 27, 2023, both dates inclusive (the "Class Period"), are encouraged to contact the firm before December 4, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. GigaCloud's actual business is a mere fraction of what it has claimed, based on factors such as warehouse staffing levels. The Company overstates its last-mile operations. The Company engages in undisclosed related-party transactions. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about GigaCloud, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The Schall Law Firm
Brian Schall, Esq.,
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SOURCE The Schall Law Firm