NEW YORK, March 15, 2026 /PRNewswire/ --
Case: Hansink v. ChowChow Cloud International Holdings Limited, et al.
Court: U.S. District Court for the Southern District of New York
Case No.: 1:26-cv-02063
Filed by: Wolf Haldenstein Adler Freeman & Herz LLP
Lead Plaintiff Deadline: May 12, 2026
Class Period
September 16, 2025 – December 10, 2025
Investors who purchased or acquired ChowChow Cloud International Holdings Limited (NYSE American: CHOW) securities during this period may be members of the class.
PLEASE CLICK HERE TO JOIN THE CLASS ACTION OR CALL THE FIRM AT 1-212-545-4774
Defendants
The complaint names:
- ChowChow Cloud International Holdings Limited
- Yee Kar Wing
- Hui Wai Ming
- Wong Chung Wai
- Assentsure PAC
- US Tiger Securities, Inc.
- John Does 1-100
Claims are brought under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Company Background
ChowChow Cloud is a Cayman Islands holding company operating through Sereno Cloud Solutions HK Limited in Hong Kong, providing cloud consulting, migration, deployment, and management services across the Asia-Pacific region.
Key Allegations
The lawsuit alleges that defendants made materially false or misleading statements and omitted critical information regarding the company's stock trading activity and associated risks. Specifically, investors allegedly were not told that:
- The stock was involved in a market manipulation and fraudulent promotion scheme, including social-media misinformation and impersonators posing as financial professionals.
- Company disclosures failed to mention the realized risk of fraudulent trading and market manipulation affecting the stock.
- The stock therefore faced heightened risk of trading suspension and extreme volatility.
- Tiger Securities, the IPO underwriter, had been fined and censured by FINRA in April 2025 for failing to maintain systems to detect suspicious deposits of low-priced securities.
- As a result, positive statements about the company's business and prospects lacked a reasonable basis.
Corrective Event
On December 10, 2025, the alleged pump-and-dump scheme became apparent:
- Around 11:05 AM EST, heavy selling pushed the stock from $11.95 to $10.59 within minutes.
- At 11:07 AM, NYSE American halted trading due to volatility.
- When trading resumed at 12:37 PM, the stock reopened around $1.00.
- It later closed at $1.83, representing an 84.3% single-day decline.
Aftermath
Following the collapse, CHOW shares continued trending downward and now trade below $0.50 per share.
Investor Action:
Investors who suffered losses during the class period have until May 12, 2026 to seek appointment as lead plaintiff.
Contact:
- Phone: (800) 575-0735 or (212) 545-4774
- Email: classmember@whafh.com
- Contact Person: Gregory Stone, Director of Case and Financial Analysis
Case Website: Wolf Haldenstein Adler Freeman & Herz LLP
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE Wolf Haldenstein Adler Freeman & Herz LLP
