Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Aterian, Inc.

NEW YORK, May 20, 2021 / PRNewswire / – Wolf Haldenstein Adler Freeman & Herz LLP announces that a US federal class action lawsuit has been filed The United States District Court for the Southern District of new York on behalf of investors who have purchased or acquired the securities of Aterian, Inc. (“Aterian” or the “Company”) (NASDAQ: ATER) (f / k / a Mohawk Group Holdings, Inc.) from 1st December 2020 by May 3, 2021 (the “Lesson”), including.

All investors who have purchased Aterian, Inc. stock and have suffered losses are encouraged to contact the company immediately [email protected] or (800) 575-0735 or (212) 545-4774. For more information on the action, please contact or join the case on our website www.whafh.com.

If you have suffered losses on your investment in Aterian, Inc. stock, you can do so by no later than July 12, 2021, ask the court to appoint you as the lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Aterian, Inc. stock.

CLICK HERE TO JOIN CASE

On May 4, 2021Culper Research published a damning report entitled “Aterian (ATER): Bought by Criminals and Scammers, Sold to You”. In the research report, the company was accused of being in and connected with convicted criminals, overriding its AIMEE platform, and using “junk” purchases to hide its “poorly thought out core business”. Culper Research also stated, “Aterian has largely failed to convince other Amazon sellers to pay for its AIMEE AI platform, and at least 5 former employees and one former customer have expressed doubts about AIMEE’s legitimacy.”

In the news, Aterian’s share price fell $ 3.04 per share or approx. 24% in the next two trading days $ 15.72 per share on May 5, 2021.

Wolf Haldenstein has extensive experience prosecuting class and derivative disputes in state and federal courts and appeals courts across the country. The firm has lawyers in various fields of activity; and offices in new York, Chicago and San Diego. This firm’s reputation and expertise in shareholder and other class disputes has been recognized repeatedly by the courts who have appointed them to key positions in complex securities multiple district and consolidated litigation.

If you would like to discuss this action or have questions about your rights and interests in this case, please contact us immediately Wolf Haldenstein by phone at (800) 575-0735, by email at [email protected]or visit our website.

Contact:
Wolf Haldenstein Adler Freeman & Heart LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
E-mail: [email protected], [email protected] or [email protected]
Tel .: (800) 575-0735 or (212) 545-4774

This press release may be viewed as a solicitor advertisement in some jurisdictions under applicable laws and ethical rules.

SOURCE Wolf Haldenstein Adler Freeman & Heart LLP

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