Rosen, a leading law firm, encourages marathon digital holdings, Inc Investors are protected by lawyers before the important deadline of securities class action - Mara

Time:2022-01-08 Source: 863 views Trending Copy share

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. (NASDAQ: MARA) between October 13, 2020 and November 15, 2021, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 15, 2022.

SO WHAT: If you purchased Marathon Digital Holdings securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

DETAILS OF THE CASE: According to the complaint, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company’s joint venture with Beowulf Energy LLC, as it related to a series of agreements with multiple parties to design and build a data center in Hardin, Montana, implicated potential regulatory violations, including U.S. securities law violations; (2) as a result, the Beowulf Joint Venture subjected Marathon to a heightened risk of regulatory scrutiny; (3) the foregoing was reasonably likely to have a material negative impact on the Company’s business and commercial prospects; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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