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Class action lawsuit filed over Fitness Champs stock plunge amid alleged pump-and-dump scheme

Market News
19 May 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

A class action lawsuit has been filed against Fitness Champs Holdings Ltd. following a sharp 84.6% drop in its stock price on September 23, 2025. The lawsuit alleges that the company and some of its officers were involved in a fraudulent market manipulation scheme, including a pump-and-dump tactic where impersonators promoted the stock online to inflate its price unjustifiably. Investors who bought shares during this period have until June 16, 2026, to join the lawsuit. This case highlights risks of market manipulation in small-cap stocks and could lead to significant legal consequences for the company and involved parties.

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