NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP reminds investors that securities class action lawsuits have been filed on behalf of investors in securities of Affirm Holdings, Inc., Silvergate Capital Corp., and Singularity Future Technology Ltd. Investors have until the deadlines below to apply to the Court to be appointed as lead plaintiff in the lawsuits. Additional information about each case can be found at the links provided below.
Affirm Holdings, Inc. (“Affirm”) (NASDAQ: AFRM)
Class Period: February 12, 2021 to December 15, 2021
Pending Court: U.S. District Court for the Northern District of California
Lead Plaintiff Deadline: February 6, 2023
The lawsuit alleges that, throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose that: (1) Affirm’s BNPL service facilitated excessive consumer debt, regulatory arbitrage, and data harvesting and (2) the foregoing subjected Affirm to a heightened risk of regulatory scrutiny and enforcement action.
For additional information on the Affirm lawsuit, please visit this website.
Silvergate Capital Corp (“Silvergate”) (NYSE: SI)
Class: November 9, 2021 through January 5, 2023
Pending Court: U.S. District Court for the Southern District of California
Lead Plaintiff Deadline: February 6, 2023
The lawsuit alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Silvergate’s platform lacked sufficient controls and procedures to detect instances of money laundering; (2) Silvergate’s customers had engaged in money laundering in amounts exceeding $425 million; and (3) as a result of the foregoing, Silvergate was reasonably likely to receive regulatory scrutiny and face damages, including penalties and reputational harm.
For additional information on the Silvergate lawsuit, please visit this website.
Singularity Future Technology, Ltd. (“Singularity”) (NASDAQ: SGLY)
Class Period: February 12, 2021 to November 17, 2022
Pending Court: U.S. District Court for the Eastern District of New York
Lead Plaintiff Deadline: February 7, 2023
The lawsuit alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the true educational background of Singularity’s former CEO Yang Jie, that he had an outstanding arrest warrant in China, committed forgery, was the largest shareholder and Vice President of Finance, for a Nasdaq-listed lending company, China Commercial Credit (“CCC”), which failed after reporting massive losses; (2) material related party transactions with SOS Information Technology New York, Inc. and Rich Trading Co. Ltd USA; (3) independent director John Levy’s long tenure as a director of CCC; and (4) Singularity lacked adequate internal controls and as a result had a heightened risk of scrutiny.
For additional information on the Singularity lawsuit, please visit this website.
About Kirby McInerney LLP:
Kirby McInerney is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1180
investigations@kmllp.com
www.kmllp.com
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