Did You Lose Money on iTonic Holdings Ltd. f/k/a Pheton Holdings Ltd. (ITOC)? Levi & Korsinsky Urges Investors to Act Before September 29, 2026
NEW YORK CITY, NY / ACCESS Newswire / August 5, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired iTonic Holdings Ltd. f/k/a Pheton Holdings Ltd. (NASDAQ:ITOC) securities.
If you suffered a loss on your iTonic Holdings Ltd. f/k/a Pheton Holdings Ltd. investment and would like to explore a potential recovery under the federal securities laws, Learn about iTonic Holdings Ltd. f/k/a Pheton Holdings Ltd. Class Action or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: A class action securities lawsuit was filed against iTonic Holdings Ltd. f/k/a Pheton Holdings Ltd. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between September 5, 2024 and July 29, 2025.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) PTHL was the subject of a market manipulation and fraudulent promotion scheme involving social-media based misinformation and impersonators posing as financial professionals; (2) PTHL's public statements and risk disclosures omitted any mention of intention to use fraudulent trading or the realized risk of market manipulation used to drive the Company's stock price; (3) as a result, the Company's securities were at unique risk of extreme price volatility and trading halts triggered by the manipulation scheme; (4) the auditor defendant and underwriter defendants had been involved with numerous foreign microcap public offerings that became targets of market manipulation schemes; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations and prospects were materially misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you purchased iTonic Holdings Ltd. f/k/a Pheton Holdings Ltd. stock during the relevant time frame - even if you still hold your shares, learn about your rights to seek a recovery. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212) 363-7171
SOURCE: Levi & Korsinsky, LLP