NEW YORK, Aug. 25, 2023 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Freedom Holding Corp.:
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Freedom Holding is the subject of a report issued by Hindenburg Research on August 15, 2023. The report highlights "red flags" at the Company "including evidence that Freedom (i) brazenly skirts sanctions (ii) shows hallmark signs of fake revenue (iii) commingles customer funds then gambles assets in highly levered, illiquid, risky market bets (iv) and displays signs of market manipulation in both its investments and its publicly traded shares." Based on this news, shares of Freedom Holding fell by more than 5.5% in intraday trading on the same day.
Due to the forgoing, The Gross Law Firm is investigating potential securities fraud claims on behalf of certain Freedom Holding investors. If you incurred a loss on your FRHC investment, please contact us using the link below to discuss your rights.
https://securitiesclasslaw.com/securities/freedom-holding-loss-submission-form/?id=44561&from=3
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
