Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff in a Securities Class Action Lawsuit Against Triterras, Inc.
NEW YORK, January 25, 2021 / PRNewswire / – Bernstein Liebhard, a nationally recognized investor rights law firm, is reminding investors of the deadline to file a motion by a lead plaintiff in a class action lawsuit filed on behalf of investors who bought or acquired the securities of Triterras, Inc. have f / k / a Netfin Acquisition Corp. (“Triterras” or the “Company”) (NASDAQ: TRIT) by 20th August 2020 by December 16, 2020 (the “Class Period”). The lawsuit has been filed The United States District Court for the Southern District of new York alleges violations of the Securities Exchange Act of 1934.
If you have purchased Triterras securities and / or would like to discuss your legal rights and options, please visit or contact Triterras Shareholder Class Action Lawsuit Matthew E. Guarnero toll free at (877) 779-1414 or [email protected]
The complaint alleges that Defendants have provided false and / or misleading information and / or failed to disclose: (1) To what extent the Company’s revenue growth has come from Triterras’s relationship with Rhodium Resources Pte. Ltd. was dependent. Ltd. (“Rhodium”) to refer users to the Kratos Platform; (2) that Rhodium faced significant financial liabilities that threatened its ability to continue its business operations. (3) As a result, Rhodium would likely be referring fewer users to the company’s Kratos platform. and (4) as a result of the foregoing, Defendants’ positive statements about the business, operations and prospects of Triterras were materially misleading and / or were unfounded.
On 17th December 2020, Triterras announced that “a legal demand for payment from […] Rhodium Resources Pte. Ltd. (“Rhodium”) was filed by a creditor of Rhodium on 1st December 2020 under the Singapore Bankruptcy, Restructuring and Liquidation Act. “Triterras described Rhodium in its announcement as” instrumental in the initial launch of the company’s Kratos platform and the appeal of the platform to the commodity trading and trade finance communities[.]””
In the news, the company’s share price fell $ 4.11or about 31% to close at $ 9.09 per share on 17th December 2020.
A class action lawsuit has already been filed. If you want to appear as the lead plaintiff, you must move the court at the latest February 19, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute. Your ability to partake in a recovery does not require you to be the lead plaintiff. If you don’t take action, you may remain an absent class member.
If you have purchased Triterras securities and / or would like to discuss your legal rights and options, please visit https://www.bernlieb.com/cases/triterrasinc-trit-shareholder-class-action-lawsuit-fraud-stock-346 / or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected]
Bernstein Liebhard LLP has recovered since 1993 $ 3.5 billion for its customers. In addition to representing individual investors, the firm has been hired by some of the country’s largest public and private pension funds to monitor their assets and litigate on their behalf. Based on the success of hundreds of lawsuits and class actions, the firm has been featured on the National Law Journal’s “Hot List” thirteen times and on The Legal 500 for ten consecutive years.
LAWYER. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779- 1414. The lawyer responsible for this complaint in the State of Connecticut is Michael S. Bigin. Past results do not guarantee or forecast a similar result with respect to future matters.
Matthew E. Guarnero
Bernstein Liebhard LLP
SOURCE Bernstein Liebhard LLP