#USA #New York #Gross Law Firm #securities lawsuit #iTonic Holdings

Gross Law Firm Alerts Shareholders

The Gross Law Firm has made an important announcement for shareholders of iTonic Holdings Ltd., previously known as Pheton Holdings Ltd., concerning a significant legal development. A lead plaintiff deadline has been set for September 29, 2026, for those who purchased shares of iTonic Holdings during the specified class period. This deadline marks an essential opportunity for affected shareholders to engage with legal proceedings potentially impacting their investments.

Class Action Overview

The relevant class period for this announcement spans from September 5, 2024, to July 29, 2025. During this timeframe, allegations have surfaced against the defendants, claiming that they issued materially false and misleading statements and failed to disclose critical information about the company's operations.

Key Allegations

The claims against the defendants detail several key issues that could have adversely affected the company's stock. Among these are allegations of market manipulation and a fraudulent promotion scheme. Specifically, iTonic Holdings is accused of not disclosing its connection to misleading social media campaigns and impersonators who posed as financial experts. Furthermore, it is alleged that there were omissions regarding the company's intentions with fraudulent trading and the associated risks, which could lead to extreme price volatility of the stock.

• - Misleading Statements: The complaint underscores a series of positive yet misleading statements regarding the company's business operations and future prospects.
• - Market Manipulation: Allegations indicate that actions taken by the defendants contributed to a climate where the company's securities were at risk of dramatic price alterations and trading halts due to manipulation schemes.

Steps for Shareholders

Shareholders are strongly encouraged to register for this class action to ensure they remain informed throughout the legal process. Upon registration, investors will gain access to a portfolio monitoring system that will provide periodic updates regarding the case's progress and any pertinent developments.

It's paramount that shareholders wanting to be appointed as lead plaintiffs act promptly, as the deadline for such appointments is clearly defined. Importantly, participation in this lawsuit comes with no cost or obligation for shareholders.

The Role of The Gross Law Firm

The Gross Law Firm is dedicated to representing the rights of investors who feel they have suffered losses due to fraudulent practices. This law firm is recognized across the nation for its commitment to ensuring that companies conduct their business with integrity and adhere to ethical guidelines. Investors are encouraged to reach out with their inquiries and experiences, as the firm seeks to recover losses caused by misleading corporate behavior.

Contact Information

For more information and to register, shareholders can visit the Gross Law Firm's dedicated page here.

The Gross Law Firm is located at: 15 West 38th Street, 12th Floor, New York, NY, 10018. Shareholders can also contact them directly at (646) 453-8903 or via email at [email protected].

In conclusion, this announcement serves as a critical reminder for shareholders of iTonic Holdings to take timely action regarding their potential claims in light of serious allegations against the firm's management and operations. The Gross Law Firm stands ready to assist investors in navigating this legal landscape.