Pomerantz Law Firm has initiated a class action lawsuit against China Liberal Education Holdings Limited (CLEUF), alleging the company engaged in securities fraud through the use of fraudulent social media investment advisors that artificially inflated stock valuations. The scheme allegedly resulted in a significant stock price collapse on January 30, 2025, causing substantial losses for affected investors.
The lawsuit claims that misleading promotional activities via social media channels were used to artificially boost investor demand and stock performance prior to the collapse. Investors who suffered losses during this period may be eligible to participate in the legal action as class members.
Investors who wish to pursue Lead Plaintiff status in the case must file their request by March 31, 2026. The law firm is simultaneously pursuing similar securities fraud claims against other companies, including Bath & Body Works and Vistagen Therapeutics, as part of its broader litigation efforts.