WeTrade Says On Sept 28 A Derivative Lawsuit Was Filed Against Certain Officers And Directors Of Company By Certain Shareholders; Suit Alleges Defendants Were Not Directors Of Co As Of June 30, Corporate Actions On Some Share Issuances Were Unauthorized
Portfolio Pulse from Benzinga Newsdesk
A derivative lawsuit has been filed against certain officers and directors of WeTrade by some shareholders. The suit alleges that the defendants were not directors of the company as of June 30 and that some share issuances were unauthorized.
September 29, 2023 | 4:17 pm
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WeTrade is facing a derivative lawsuit filed by shareholders alleging unauthorized share issuances and false directorship claims. This could potentially harm the company's reputation and investor trust.
The lawsuit alleges serious corporate governance issues at WeTrade, which could potentially harm the company's reputation and investor trust. This could lead to a decrease in the company's stock price in the short term.
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