Investigations into Fiduciary Breaches by Matterport, DZS, and UP Fintech
Matterport Under Investigation for Potential Breaches of Fiduciary Duties
Matterport, Inc. (NASDAQ: MTTR), a California-based spatial data company, is currently under investigation for potential breaches of fiduciary duties by certain officers and directors. The investigation aims to determine the impact of these breaches on the company and its shareholders. Adding to the complexity, Matterport recently completed a business combination with Gores Holdings VI. Following this event, the company’s share price experienced a significant decline, reaching a low of $2.08 per share on October 5, 2023. The Shareholders Foundation is now offering support and guidance to investors who purchased Matterport shares during this volatile period.
DZS Inc. Directors and Officers Under Scrutiny for Alleged Breaches
Directors and officers of DZS Inc. (NASDAQ: DZSI) are facing scrutiny due to alleged breaches of fiduciary duties and violations of securities laws. A lawsuit has been filed, accusing them of failing to disclose errors in the company’s March 31, 2023, financial statements and undisclosed issues with internal financial reporting controls. These actions have resulted in materially false statements about the company’s business operations. The Shareholders Foundation, represented by Michael Daniels, is urging shareholders to contact them for further details on this matter.
Investigation into Alleged Fiduciary Duty Breaches by UP Fintech Directors
Michael Daniels of the Shareholders Foundation is investigating alleged breaches of fiduciary duties by directors of UP Fintech Holding Limited (NASDAQ: TIGR). This investigation follows a securities class action lawsuit claiming that the company operated illegally in China by not obtaining necessary licenses and failing to fully disclose this information to investors. UP Fintech is accused of downplaying Chinese laws and the risk of regulatory enforcement, leading to misleading statements about its business operations. Investors who purchased UP Fintech shares are advised to contact the Shareholders Foundation for further assistance.
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