LOS ANGELES, CA / ACCESSWIRE / December 1, 2021 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Tenet Fintech Group Inc. f/k/a Peak Fintech Group Inc. ("Tenet" or "the Company") (OTC:PKKFF) (NASDAQ: TNT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between September 2, 2021 and October 13, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before January 18, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Tenet did not own a majority stake in Asia Synergy Financial Capital Ltd. ("ASFC") through Wuxi Aorong. The Company failed to disclose its actual ownership in ASFC, a nominee shareholder agreement that could cause problems in the future. ASFC was likely created through a related-party transaction. The Company faced delisting from NASDAQ due to non-compliance with regulations. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Tenet, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm