#USA #New York #Securities Fraud #Pomerantz LLP #iTonic Holdings

Pomerantz Law Firm Issues Class Action Alert for iTonic Holdings Investors

Investors who have faced losses from their investments in iTonic Holdings Ltd, previously known as Pheton Holdings Ltd, are prompted to take notice. A significant class action lawsuit has been initiated by Pomerantz LLP, well-respected in the realm of corporate and securities litigation. The firm acknowledges that investors may be entitled to compensation due to the alleged fraudulent activities involving the company.

Recent Developments in the Class Action Lawsuit

Filed on September 10, 2026, this lawsuit is specifically addressing claims of securities fraud. Investors who purchased shares during the designated class period are encouraged to act. If you believe you have been affected, you have until September 28, 2026, to express your interest to be appointed as the Lead Plaintiff in this case.

The lawsuit details troubling allegations against the company's officers, directors, and specific financial advisors. These parties are accused of orchestrating a 'pump-and-dump' scheme that manipulated the stock price to defraud investors. Promoters masquerading as credible financial advisers reportedly circulated false information, including rumors about a potential acquisition by Gilead Sciences, Inc.

The 'Pump-and-Dump' Scheme

The fraudulent scheme reached its peak and ultimately collapsed on July 29, 2025, leading to a drastic plummet in stock value—approximately 95% in just one trading day. This catastrophic event has left many investors reeling, prompting further investigation and this legal action.

As part of the class action process, individuals affected by the alleged fraudulent practices of iTonic Holdings, its officers, and involved financial entities are encouraged to seek representation. Pomerantz LLP has set up channels for affected investors to communicate their details, ensuring that all essential information is collected for the ongoing legal proceedings.

How to Participate

Interested investors are advised to reach out to Danielle Peyton at Pomerantz LLP. You may do so via email at [email protected], or by phone at 646-581-9980 (toll-free number: 888-4-POMLAW, Ext. 7980). It's essential for potential plaintiffs to provide their contact details, including mailing address and the number of shares they acquired during the specified period.

About Pomerantz LLP

Founded by Abraham L. Pomerantz, a pioneering figure in securities class actions, the firm has a rich history of fighting for the rights of investors. With over 85 years of experience, Pomerantz has successfully secured significant recoveries for class members impacted by corporate misconduct, affirming its status as a leader in the legal landscape.

For further information about joining this class action lawsuit, or to review the filed Complaint, you can visit Pomerantz’s official site at www.pomerantzlaw.com.

The alleged misconduct has gravely impacted investor trust, lowering the once-promising outlook of iTonic Holdings. This legal action represents a collective stand as those harmed by securities fraud aim for accountability and recovery. Investors are urged to participate, ensuring their voices are heard in this critical matter.