INVESTOR REMINDER: Kessler Topaz Meltzer & Check, LLP Alerts Shareholders of Securities Class Action Lawsuit Against Ebang International Holdings Inc.
RADNOR, Pa., May 15, 2021 / PRNewswire / – Law firm Kessler Topaz Meltzer & Check, LLP is reminding investors of Ebang International Holdings Inc. (NASDAQ: EBON) (“Ebang”) that a class action lawsuit has been filed against Ebang for the purchase or acquisition of Ebang securities between June 26, 2020 and April 5, 2021including (the “Class Period”).
KTMC logo (PRNewsfoto / Kessler Topaz Meltzer & Check, LLP)
Deadline of the main plaintiff: June 7, 2021
Contact: James Maro, Esq. (484) 270-1453
Adrienne Bell, Esq. (484) 270-1435
Toll Free (844) 887-9500
Ebang is a leader in application specific integrated circuit chips and a leading manufacturer of bitcoin mining equipment.
The complaint alleges that throughout the class period, defendants failed to notify investors that: (1) proceeds from Ebang’s public offerings were used instead of long-term, low-yielding bonds to an subscriber and related parties Ebang’s operations to be used for development; (2) Ebang’s sales were down, and Ebang had increased reported sales, including through sales of defective units. (3) Ebang’s attempts to go public Hong Kong failed due to allegations of embezzlement of investor funds and excessive sales; (4) Ebang’s alleged cryptocurrency exchange was merely the purchase of an out-of-the-box crypto exchange. and (5) as a result of the foregoing, Defendants’ positive statements about Ebang’s business, business and prospects were materially misleading and / or unfounded.
If investors are allowed to, at the latest June 7, 2021, attempt to be appointed plaintiff’s principal representative of the class by Kessler Topaz Meltzer & Check, LLP, or other lawyer, 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.
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Kessler Topaz Meltzer & Check, LLP, pursues class action lawsuits 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 collected billions of dollars on behalf of institutional and individual investors The United States and all over 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)
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SOURCE Kessler Topaz Meltzer & Check, LLP