FT GLOBAL CAPITAL, INC. STEPS UP ITS ENFORCEMENT EFFORTS AGAINST FUTURE FINTECH TO COLLECT ON THE $10.8 JUDGMENT
Future FinTech Group Inc. (FTFT)
US:NASDAQ Investor Relations:
ir.stockpr.com/ftft
Company Research
Source: PR Newswire
MIAMI BEACH, Fla., Aug. 30, 2024 /PRNewswire/ -- FT Global Capital, Inc. ("FT Global"), a Miami Beach-based registered broker-dealer and investment banking firm, announced today that it has stepped up its enforcement efforts to collect on $10.8 million Judgment against Future FinTech Group Inc. (Nasdaq: FTFT) ("Future FinTech"). On January 14, 2021, FT Global brought this lawsuit based on Future FinTech's failure to pay fees after raising over $80 million from investors that FT Global introduced to Future FinTech.On April 16, 2024, the U.S. District Court for the Northern District of Georgia entered an Amended Judgment in favor of FT Global against Future FinTech in the approximate amount of $10.8 million. Future FinTech later moved to vacate the Amended Judgment, but failed to post any bond. On May 21, 2024, the Court ruled that FT Global could enter the Amended Judgment in other Federal Districts, allowing FT Global to commence further enforcement proceedings. FT Global has entered
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Sec Filings
- 11/19/24 - Form 10-Q
- 11/14/24 - Form NT
- 11/13/24 - Form 8-K
- FTFT's page on the SEC website