Schall Brown & Schwartz says Futu investors may seek lead plaintiff role in class action

Schall Brown & Schwartz LLP says investors in Futu Holdings Limited may contact the firm by Aug. 25, 2026, about a securities class action tied to alleged false statements and China regulatory compliance issues.

Schall Brown & Schwartz LLP said Aug. 13 that investors who bought Futu Holdings Limited securities during a stated class period may be able to seek compensation in a pending securities class action. The firm said the case concerns Futu, which trades on Nasdaq under the ticker FUTU, and set an Aug. 25, 2026, deadline for investors interested in contacting the firm about a lead-plaintiff role.

The release says the complaint alleges Futu’s public statements were false or misleading and that the company failed to maintain compliance with the China Securities Regulatory Commission, or CSRC. It also says the company was likely to face regulatory action in China because of that failure. Those claims have not been proven in court, and the class has not yet been certified.

According to the release, the proposed class period runs from May 24, 2023, through May 27, 2026. Schall Brown & Schwartz said investors who purchased Futu securities in that window may be entitled to compensation without out-of-pocket fees or costs. The firm said the action is brought under Section 10(b), Section 20(a) and SEC Rule 10b-5.

The attorney-advertising alert identified Schall Brown & Schwartz as a national shareholder rights litigation firm. It said interested investors can contact Brian Schall and David Schwartz at the firm’s Los Angeles office, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, by phone at 310-301-3335 or through the firm’s website.

The release also said the class action alleges investors suffered damages when the market learned the truth about Futu. It did not include a court ruling, settlement or company response.

The class has not yet been certified.

Sources

• PR Newswire release: “Futu Holdings Limited Investor Alert: Contact SBS by August 25, 2026…”

Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.