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SVVC Deadline: SVVC Investors Have Opportunity to Lead Firsthand Technology Value Fund, Inc. Securities Fraud Lawsuit

A class action lawsuit concerning securities fraud involving the OTC stock SVVC has been initiated against Firsthand Technology Value Fund, Inc. For those who acquired shares between the start of 2021 and mid-November 2023.
The lawsuit alleges that defendants made false and misleading statements and failed to disclose information while inflating the Fund's investment values to mask losses during the Class Period.
Defendants used facially implausible valuation methods for failing companies, integrating these valuations into the Fund's public net asset value, which caused artificial inflation of the stock price and shareholder losses.
The Fund lost over $200 million in shareholder value, and Rosen Law Firm, which achieved a record securities settlement against a Chinese company, reminds investors they can seek compensation without upfront fees by May 20, 2025.
Investors who purchased during the Class Period may file to serve as lead plaintiff by May 20, 2025, with compensation available under contingency fee arrangements regardless of lead plaintiff status.

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