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IN RE GIGACLOUD TECHNOLOGY INC SECURITIES LITIGATION
Case Number:
1:23-cv-10645
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 05, 2025
GigaCloud Investors Seek Final OK For $2.75M Deal In AI Suit
Investors in large parcel ecommerce company GigaCloud Technology Inc. have asked a Manhattan federal judge to give final approval to their $2.75 million deal ending claims the company misled investors about using artificial intelligence in its logistics systems.
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January 28, 2025
GigaCloud Partially Escapes Suit Over Revenue, Tech Claims
GigaCloud Technology Inc. and its top brass have partially escaped a proposed class action alleging it misrepresented its operating metrics and revenues and use of artificial intelligence, with a New York federal judge saying that a federal securities law violation "cannot be premised upon a company's disclosure of accurate historical data."