ATLANTA, Oct. 05, 2023 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC informs investors that a shareholder class action lawsuit has been filed against GigaCloud Technology Inc. (“GigaCloud” or the “Company”) (NASDAQ: GCT). The lawsuit alleges GigaCloud made false or misleading statements and/or omitted material adverse information in the Company’s Registration Statement and throughout the Class Period regarding the Company’s business, operations, and prospects, including: (1) that the Company’s business is a fraction of what it publicly claims, as evidenced by staffing and activity levels at its warehouses; (2) that the Company overstated its last-mile operations; (3) that the Company engaged in undisclosed related party transactions; and (4) that, as a result, the Company’s financial results were overstated.
If you bought Class A ordinary shares of GigaCloud pursuant and/or traceable to the IPO, or purchased shares between August 18, 2022 and September 27, 2023, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at https://holzerlaw.com/case/gigacloud/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is December 4, 2023.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, 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
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