NEW YORK, Feb. 10, 2025 -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of GigaCloud Technology Inc. (NASDAQ: GCT) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, GigaCloud insiders caused the company to misrepresent or fail to disclose that (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; (4) that, as a result, the Company's financial results were overstated; (5) that, as a result of the foregoing, positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you currently own GCT and purchased prior to August 8, 2022 please contact Justin Kuehn, Esq. here, by email at justin@kuehn.law or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
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For additional information, please visit Shareholder Derivative Litigation - Kuehn Law.
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Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
(833) 672-0814
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