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Radnor, Pennsylvania, May 22, 2021 (Gross News)-The law firm Kessler Topaz Meltzer & Check (LLP) announced that a class action lawsuit against securities fraud has been filed in South New York, USA. The District District Court filed a lawsuit against Canaan Inc. (NASDAQ:were able) (“Canadian”) represents a person who purchases or obtains a Canaan American Depositary Receipt (“ADR”) Between February 10, 2021 and April 9, 2021(Inclusive) (“During Class”).
Deadline for lead plaintiff: June 14, 2021
Canaan mainly designs, manufactures and sells Bitcoin mining machines in the People’s Republic of China.
The complaint stated that during the entire class action, the defendant concealed from the investing public: (1) Canaan continued to suffer major supply chain disruptions during the fourth quarter of 2020; (2) Canaan’s next-generation A12 series bitcoin mining machine It was launched and eroded the sales of old products in the fourth quarter of 2020; (3) Due to the above-mentioned reasons, Canaan’s sales and sales revenue in the fourth quarter of 2020 dropped sharply; (4) Due to the above-mentioned reasons, Canaan was unable to realize its existing Strong financial prospects that the market believes.
Canaanese investors may No later than June 14, 2021, Seeking to be appointed as the chief plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other consultants, or may choose not to do anything and remain absent. The lead plaintiff is the representative of the class members who represent all litigations. In order to be appointed as the lead plaintiff, the court must determine that the claim of the class member is a typical feature of the claims of other class members, and that the class member will fully represent the class. Your ability to share any recovery is not affected by the decision whether to act as the main plaintiff.
Attorney Kessler Topaz Meltzer & Check sued in state and federal courts across the country for securities fraud, breach of fiduciary duty, and other class actions that violated state and federal laws. Kessler Topaz Meltzer & Check, LLP is the driving force of corporate governance reform and has recovered billions of dollars on behalf of institutional investors and individual investors in the United States and around the world. The company represents investors, consumers and whistleblowers (private citizens who report fraud against the government and share the recovery of government funds). Kessler Topaz Meltzer & Check, LLP did not file a lawsuit.For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
contact:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr.
Adrienne Bell, Esq.
280 Prussian Road
Radnor, Pennsylvania 19087
(844) 887-9500 (toll free)
info@ktmc.com
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