The settlement of this federal securities fraud class action lawsuit is on behalf of investors who purchased or otherwise acquired Singularity Future Technology Ltd. (“Singularity”) (NASDAQ: SGLY) f/k/a Sino-Global Shipping America Ltd. (“Sino”) securities between February 2, 2021 and February 24, 2023, inclusive (the “Class Period”).
Singularity agreed to pay $3 million in cash to provide 6,500,000 freely tradable shares of Singularity common stock to resolve this class action lawsuit alleging the company and certain of its officers and/or directors violated federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On July 30, 2025, the Court granted Preliminary Approval of the Class Action Settlement. There is a Final Settlement Hearing scheduled for February 11, 2026. This action is ongoing.
Who can file a claim?
The settlement class includes all persons or entities who:
- Purchased or otherwise acquired Singularity securities between February 2, 2021 and February 24, 2023, inclusive.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is between $6,250,000 and $8,525,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim was January 16, 2026. To submit a claim and/or to find additional information regarding the terms of the settlement and claim filing process, go to www.SingularitySecuritiesSettlement.com, or contact the claims administrator, Simpluris, Inc., at 1-844-496-0761.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.