#USA #New York #Gross Law Firm #iTonic Holdings #Pheton Holdings

iTonic Holdings Ltd. Class Action Notice

The Gross Law Firm has issued an important notification for shareholders of iTonic Holdings Ltd., previously known as Pheton Holdings Ltd. (NASDAQ: ITOC). As the company faces a pending class action lawsuit, shareholders who purchased shares during a specified period should pay close attention to the details provided. The deadline for individuals interested in serving as lead plaintiffs is September 29, 2026.

Background of the Lawsuit

The allegations against iTonic Holdings Ltd. pertain to substantial misinformation and fraudulent activities associated with the stock. During the period from September 5, 2024, to July 29, 2025, it is alleged that company executives issued statements that were misleading or entirely false regarding the company’s operations and market position. Central to the allegations are claims of market manipulation that involved fraudulent promotions and misleading social media communications.

Specifically, the accusations outline that:
1. There was a systematic campaign to manipulate the market, which included impersonators masquerading as financial experts.
2. The company did not adequately disclose its involvement or exposure to these deceptive trading practices, creating unwarranted volatility in stock prices.
3. Historical associations between the involved auditor and underwriter with other microcap public offerings reveal a pattern of potential nefarious activity.

Due to these alleged actions, stocks associated with iTonic Holdings were subjected to unusual and extreme price fluctuations, misleading investors and stakeholders about the company’s genuine operational health and future prospects.

Importance of Participating

Shareholders who wish to protect their investments and possibly recover losses are encouraged to register their interest with the Gross Law Firm. It’s essential for affected shareholders to note that while registering as a lead plaintiff is an option, it is not a requirement for participating in any potential recovery from this lawsuit. The firm has established an accessible platform for registration and information dissemination.

By signing up, shareholders will also benefit from portfolio monitoring software that keeps them updated about the status of the case. This ensures that investors remain informed throughout the legal proceedings.

Next Steps for Shareholders

Investors holding shares during the stated class period who want to ensure their involvement in the case should not delay in registering. The firm invites interested parties to submit their information through the designated website.

By doing so, they can not only take steps toward legal recourse but also gain access to valuable resources and updates related to their investments.

Commitment of the Gross Law Firm

The Gross Law Firm is a reputable class action firm dedicated to upholding investor rights against corporate misconduct. Their mission emphasizes the importance of ethical business practices and seeks justice for investors harmed by illegal activities, inaccuracies, or failures in disclosure from public companies.

For assistance or more information on the lawsuit, investors can reach the Gross Law Firm directly at their New York office: 15 West 38th Street, 12th floor, New York, NY, 10018, or via phone at (646) 453-8903. Queries can also be directed to their email: [email protected].

The Gross Law Firm stands ready to empower investors, ensuring they are not left to navigate these challenges alone.