ATLANTA, May 22, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether GigaCloud Technology Inc. (“GigaCloud” or the “Company”) (NASDAQ: GCT) complied with federal securities laws. On May 22, 2024, Grizzly Research published a report alleging that GigaCloud “operates a complex web of undisclosed related party shell companies it uses to transact with itself and exaggerate marketplace growth.” Following this news, the price of the Company’s stock dropped.
If you purchased GigaCloud stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/gigacloud-technology/ to discuss your legal rights.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
