According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:
- GigaCloud’s business is a fraction of what it publicly claims, as evidenced by staffing and activity levels at its warehouses;
- GigaCloud overstated its last-mile operations;
- GigaCloud engaged in undisclosed related party transactions;
- that, as a result, GigaCloud’s financial results were overstated; and
- as a result of the foregoing, GigaCloud’s positive statements about GigaCloud’s business, operations, and prospects were materially misleading and/or lacked a
reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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