Class action lawsuit filed over alleged pump-and-dump scheme in Park Ha Biological Technology IPO.

A class action lawsuit has been filed against Park Ha Biological Technology Co., Ltd. and associated parties, alleging a pump-and-dump scheme during the company's IPO. The lawsuit claims that fraudulent promotion using stolen identities led to a 93% share price drop on July 8, 2025. Investors who purchased shares between December 27, 2024, and July 8, 2025, have until September 28, 2026, to seek lead plaintiff status in the ongoing case.