Los Angeles -- Investors who lost money on Wise Group plc securities have until September 29, 2026 to seek lead plaintiff status in a securities fraud class action filed against the fintech firm, according to Glancy Prongay Wolke & Rotter LLP.
Complaint targets Wise's NASDAQ debut disclosures
The lawsuit covers the class period from May 11, 2026 to July 23, 2026, alleging Wise made materially false or misleading statements about its business and regulatory standing. The complaint claims Wise understated its regulatory exposure tied to deficient anti-money laundering controls and inadequate measures to prevent terrorism financing ahead of its NASDAQ listing.
Plaintiffs allege statements 'lacked reasonable basis'
According to the filing, Wise's public statements regarding its business, operations, and prospects were materially false or misleading, or lacked a reasonable basis, throughout the class period. The suit alleges that when accurate details about the company's compliance gaps reached the market, investors suffered financial losses.
Lead plaintiff deadline set for September 29
Investors who purchased Wise securities during the specified window may petition the court to serve as lead plaintiff before the September 29, 2026 deadline, or take no action and remain absent class members. No class has yet been certified in the case.
Glancy Prongay Wolke & Rotter LLP, based in Los Angeles, is representing potential claimants and states it was ranked second in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025.