INVESTOR REMINDER: Kessler Topaz Meltzer & Check, LLP Alerts Shareholders of Securities Class Action Lawsuit Against Bit Digital, Inc. (BTBT)
/ A News / – RADNOR, Pa., March 1, 2021 (GLOBE NEWSWIRE) – Law firm Kessler Topaz Meltzer & Check, LLP announces that a class action lawsuit has been filed for securities fraud in the U.S. District Court of New York’s southern borough against 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”).
Deadline of the lead plaintiff:: March 22, 2021
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 by March 22, 2021 at the latest, attempt to be appointed as the class lead plaintiff by Kessler Topaz Meltzer & Check, LLP, or other attorney, or choose 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 violations of federal and state law. 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. Further information on Kessler Topaz Meltzer & Check, LLP can be found at 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)
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March 01, 2021 at 11:41 PM GMT
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