The Law Offices of Frank R. Cruz reminds investors of the upcoming May 12, 2026 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired ChowChow Cloud International Holdings Limited (“CHOW” or the “Company”) (NYSE: CHOW) securities between September 16, 2025 and December 10, 2025, inclusive (the “Class Period”).
IF YOU ARE AN INVESTOR WHO LOST MONEY ON CHOWCHOW CLOUD INTERNATIONAL HOLDINGS LIMITED (CHOW), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.
What Happened?
On or around September 16, 2025, CHOW conducted its initial public offering (“IPO”), selling 2.6 million ordinary shares at $4.00 per share. Following the IPO, the Company experienced a surge in pricing activity and volume in the absence of any news concerning, or filings by the Company. However, the Company did not warn investors of the materialized risk that CHOW’s ordinary shares were the subject of a market manipulation scheme designed to “pump and dump” the Company’s shares and leave investors with staggering losses.
On December 10, 2025, the scheme was revealed and trading of CHOW’s stock was halted twice due to volatility from market manipulation. Investigation and public reports have revealed that impersonators acting as financial advisors touted CHOW in online forums, chat groups, and social media posts with baseless claims to create a buying frenzy amongst retail investors.
On this date, CHOW’s stock price fell $9.87, or 84.3%, to close at $1.83 per share on December 10, 2025, thereby injuring investors.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) CHOW was the subject of a market manipulation and fraudulent promotion scheme involving social-media based misinformation and impersonators posing as financial professionals; (2) CHOW’s public statements and risk disclosures omitted any mention of the realized risk of fraudulent trading or market manipulation used to drive the Company’s stock price; (3) that, as a result, CHOW securities were at unique risk of a sustained suspension in trading by NYSE American and severe volatility-induced decline; (4) that the sole underwriter on the IPO, Tiger Securities, had been fined and censured by the Financial Industry Regulatory Authority (“FINRA”) in April 2025 for failing to have a reasonable system in place to identify potentially suspicious deposits of low-priced securities; and (5) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired CHOW securities between September 16, 2025 and December 10, 2025, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is May 12, 2026.
Contact Us To Participate or Learn More:
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us:
Frank R. Cruz
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Email us at: info@frankcruzlaw.com
Call us at: 310-914-5007
Visit our website at www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260508900245/en/
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