Radnor, Pennsylvania, June 4, 2021 /PRNewswire/ – The law firm of Kessler Topaz Meltzer & Check, LLP reminded investors that it has filed against Canaan Inc. (NASDAQ:were able) (“Canaan“) On behalf of the person who purchased or obtained the Canaan American Depositary Receipt (“ADR”) between February 10, 2021 with April 9, 2021, Included (“Class Hours”).
Deadline for lead plaintiff: June 14, 2021
Canaan Design, manufacture and sell Bitcoin mining machines, mainly in Republic of China.
The complaint stated that during the entire class action, the defendant concealed from the investing public: (1) Canaan In the fourth quarter of 2020, experienced severe and continuous supply chain disruption; (2) Introduction Canaan The next-generation A12 series of Bitcoin mining machines eroded the sales of old products in the fourth quarter of 2020; (3) Due to the above reasons, Canaan Sales and sales revenue in the fourth quarter of 2020 have dropped significantly; (4) Due to the above reasons, Canaan It failed to achieve its strong financial prospects that the market believed.
Canaan Investors may, Not later than June 14, 2021, Seek to be appointed as the chief plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other lawyers, or can choose to do nothing and continue to be absent from class members. The lead plaintiff is the representative party who directs the litigation on behalf of all class members. In order to be appointed as the lead plaintiff, the court must determine that the class member’s claim is a typical claim 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 or not to serve as the lead plaintiff.
Kessler Topaz Meltzer & Check, LLP is suing class actions involving securities fraud, breach of fiduciary duties, and other violations of state and federal laws in state and federal courts across the country. Kessler Topaz Meltzer & Check, LLP is the driving force behind corporate governance reforms and has recovered billions of dollars on behalf of institutional and individual investors United States And all over the world. The company represents investors, consumers, and whistleblowers (private citizens who report fraud against the government and share the recovery of government funds). The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP.For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, Pennsylvania 19087
(844) 887-9500 (toll free)
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SOURCE Kessler Topaz Meltzer & Check, LLP