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Radnor, Pennsylvania, May 15 2021 /PRNewswire/-Kessler Topaz Meltzer & Check, LLP Law Firm reminded Ebang International Holdings Inc. (NASDAQ:ebony) (“Ebang”) Investors, representing persons who purchase or purchase Ebang securities, filed a securities fraud class action against Ebang between June 26, 2020 with April 5, 2021(Inclusive) (“During Class”).
Deadline for lead plaintiff: June 7, 2021
contact: James Marlow (Esq.) (484) 270-1453
Adrienne Bell, Esq. (484) 270-1435
Toll free (844) 887-9500
Ebang is a leading ASIC chip design company and a leading manufacturer of Bitcoin mining machines.
The complaint stated that during the entire class action period, the defendant did not disclose to investors: (1) The proceeds from the Ebang public sale were directed to provide low-yield long-term bonds to underwriters and related parties, rather than being used to develop the operation of Ebang; ( 2) Ebang’s sales fell, and Ebang falsely reported its reported sales, including through the sale of defective products; (3) Ebang tried to list in China Hong Kong Failure due to suspected misappropriation of investor funds and false sales figures; (4) The cryptocurrency exchange claimed by Ebang merely purchased a ready-made cryptocurrency exchange; (5) Due to the above-mentioned reasons, the defendant had a problem with Ebang’s business, operations and prospects. Affirm that the statement is materially misleading and/or lacks reasonable basis.
Ebond investors may Not later than June 7, 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 the litigation. In order to be appointed as the main plaintiff, the court must determine that the claims of the class member are typical 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 or not to act as the main plaintiff.
Attorney Kessler Topaz Meltzer & Check is suing class actions involving securities fraud, breach of fiduciary duty, 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 of corporate governance reform, has represented institutional and individual investors from 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). 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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Source: Kessler Topaz Meltzer & Check, LLP
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