A shareholder class action lawsuit has been filed against iTonic Holdings Ltd., formerly known as Pheton Holdings Ltd., alleging that the company made false or misleading statements and failed to disclose a market manipulation and fraudulent promotion scheme involving social-media misinformation and impersonators. The lawsuit claims that iTonic's public statements omitted any mention of fraudulent trading or the risk of market manipulation used to drive its stock price, leaving securities at unique risk of extreme volatility and trading halts. Investors who purchased iTonic shares between September 5, 2024 and July 29, 2025 and suffered losses are encouraged to contact Holzer & Holzer, LLC to discuss their legal rights. The deadline to seek appointment as lead plaintiff is September 29, 2026.
iTonic Holdings Ltd.Lawsuit claims company made misleading statements and failed to disclose fraudulent scheme.
Pheton Holdings Ltd Class A Ordinary SharesClass action lawsuit alleges false statements and undisclosed market manipulation, harming shareholders.