Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Bit Digital, Inc. – BTBT
RADNOR, Pa., February 5, 2021 (GLOBE NEWSWIRE) – Law firm Kessler Topaz Meltzer & Check, LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York v. Bit Digital, Inc. (NASDAQ: BTBT) (“Bit Digital”) on behalf of those who have bought or acquired Bit Digital securities between December 21, 2020 and January 8, 2021including (the “Class Period”).
The complaint alleges that Bit Digital is a holding company engaged in the bitcoin mining business through its wholly-owned subsidiaries in the United States and Hong Kong.
On January 11, 2021, J Capital Research published a research report claiming, among other things, that Bit Digital operates “a business with counterfeit cryptocurrencies. . . designed to steal funds from investors. “Following the news, Bit Digital’s share price fell $ 6.27 per share, or 25%, to close at $ 18.76 per share on January 11, 2021.
Bit digital investors can no later than March 22, 2021, attempt to be appointed lead class agent by Kessler Topaz Meltzer & Check, LLP, or other attorney, or elect to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the dispute. To be named lead plaintiff, the court must determine that the class member’s claim is typical of the claims of other class members and that the class member is adequately representing the class. Your ability to get involved in a recovery will not be affected by whether or not you will be the lead plaintiff.
Kessler Topaz Meltzer & Check, LLP, pursues class actions in state and federal courts across the country involving securities fraud, fiduciary violations, and other federal and state law violations. Kessler Topaz Meltzer & Check, LLP, is a driving force behind corporate governance reform and has reclaimed billions of dollars on behalf of institutional and individual investors from the US and around the world. The company represents investors, consumers and whistleblowers (individuals who report fraudulent practices against the government and are involved in recovering government dollars). The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
James Maro Jr., Esq.
Adrienne Bell, Esq.
280 Street of the King of Prussia
Radnor, PA 19087
(844) 887-9500 (toll free)