Trending...
- Velvet Realism Declared a New Genre of Music, Founded by House of Buneau - 129
- One Drop Inspired Reggae Album & E-Book "You Got The Key" Delivers Message of Inner Power & Purpose - 107
- Governor Newsom announces free entry to California State Parks on MLK Day — as Trump swaps the "free day" for his birthday and whitewashes civil rights history from National Parks
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of GigaCloud Technology Inc. ("GigaCloud" or the "Company") (NASDAQ: GCT) on behalf of investors concerning the Company's possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
More on The Californer
On September 28, 2023, Culper Research published a report alleging that it uncovered "numerous glaring flaws" in GigaCloud's public reporting. For example, Culper Research stated that while GigaCloud "claims to run 14 U.S. warehouses," the Company "discloses just 73 employees in the entire U.S., implying just 5 employees per warehouse." Culper Research also alleged that "GigaCloud's marketing materials utilize photoshopped stock photos to portray itself as a highly efficient, growing operation" but that Culper Research visited some of the Company's warehouses and discovered little activity.
On this news, GigaCloud's stock price fell as much as 29% during intraday trading on September 28, 2023, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased GigaCloud securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
More on The Californer
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
If you are a shareholder who suffered a loss, click here to participate.
More on The Californer
- Long Beach City Council Approves Construction Contract for Belmont Beach & Aquatics Center
- Attention Everyone in the Art World: Here is a painting that asks the Quintessential Question about Art Prices for every living artist in the Universe
- Geyser Data Accelerates Global Growth Among Enterprises and Partners
- Stockdale Capital Refinances Recent Scottsdale, AZ Acquisition with $72.3 M Loan from Nuveen
- Queen Sheba Heads to the GRAMMYs as Three-Time Nominee & Featured Artist in New Documentary Series
On September 28, 2023, Culper Research published a report alleging that it uncovered "numerous glaring flaws" in GigaCloud's public reporting. For example, Culper Research stated that while GigaCloud "claims to run 14 U.S. warehouses," the Company "discloses just 73 employees in the entire U.S., implying just 5 employees per warehouse." Culper Research also alleged that "GigaCloud's marketing materials utilize photoshopped stock photos to portray itself as a highly efficient, growing operation" but that Culper Research visited some of the Company's warehouses and discovered little activity.
On this news, GigaCloud's stock price fell as much as 29% during intraday trading on September 28, 2023, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased GigaCloud securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
More on The Californer
- Daniel Kaufman Launches a Vertically Integrated Real Estate and Investment Platform
- Surety Bonds Without Private Equity Pressure
- Long Long Tales: Bilingual Cartoon Series on Youtube Celebrating Chinese New Year
- MAX Illumination Redefines Cabinet Displays with New Edge-Lit LED Technology
- The Perfect Affordable Luxury Jewellery Gifts for February 14
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
Filed Under: Business
0 Comments
Latest on The Californer
- West Hive Capital Sells So Cal Retail Center for $24.5 Million
- Rentail.space Launches AI-Powered Marketplace Connecting Merchants with Short-Term Retail Spaces
- Radarsign Redefines Crosswalk Safety with Launch of CrossCommand™ RRFB Crosswalk
- OpenSSL Corporation Opens 2026 Advisory Committees' Elections: Shape the Future!
- Steve Everett Jr. Named President of L.T. Hampel Corporation
- Acuvance Acquires ROI Healthcare Solutions, Building a Dedicated Healthcare ERP Practice
- Max Tucci Award-Winning Media Powerhouse Launches New Podcast —Executive Produced by Emmy-Winning Daytime Icons Suzanne Bass & Fran Brescia Coniglio
- MILBERT.ai Brings Real Time Session Defense to Google Workspace and Google Cloud
- Arporntube.com Launches Free, Daily-Updated AR/VR Passthrough Video Platform
- The High-Street Jewellery We Wear to Feel Like Billionaires
- iPOP! Names Jerry Silverhardt of Silverhardt Entertainment as 2025 Manager of the Year
- Viddy Awards Answer Church of Scientology's "The Question" with Two Platinum Wins
- Appliance Outlet Caps Off a Record-Setting 2025 Nationwide, Gears Up for Even Greater Growth in 2026
- Spiritual Intelligence Takes Top Honors in Both Science & Spirituality Categories
- Flux AI Launches CRAISEE Teams Enterprise: First Scalable Generative AI Platform for Organizations
- Matt Axton Announces Hollywood EP Release Party for "Same Old Story" Feb 5 at Desert 5 Spot
- Home Prices Just Hit 5X Median Income — So Americans Are Buying Businesses Instead of Houses
- CCHR White Paper Urges Government Crackdown on Troubled Teen and For-Profit Psychiatric Facilities
- Still Searching for the Perfect Valentine's Gift? Lick Personal Oils Offers Romantic, Experience-Driven Alternatives to Traditional Presents
- Countrywide Rental Brings Advanced Job Site Security Solutions to Anderson, Alabama