WeTrade Group Says Since Mid-September, Dai, Liu, Some Individuals Under Control "Falsely & Repeatedly" Represented And/Or Authorized To Represent Co; Court Issued Temporary Restraining Order Restraining Plaintiff-shareholders, Affiliates
Portfolio Pulse from Benzinga Newsdesk
WeTrade Group has reported that since mid-September, individuals including Dai and Liu have falsely claimed to represent the company. A court has issued a temporary restraining order against these plaintiff-shareholders and their affiliates, according to an SEC filing.
November 13, 2023 | 8:45 pm
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WeTrade Group has been involved in a legal issue where individuals falsely represented the company. A court has issued a temporary restraining order against the individuals involved.
The news indicates a legal dispute involving unauthorized representation of WeTrade Group, which could lead to uncertainty and negatively impact investor sentiment. The issuance of a temporary restraining order by the court suggests serious legal implications, potentially affecting the company's reputation and operations.
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