Kessler Topaz Meltzer & Check, LLP Reminds Marathon Digital Holdings, Inc. (MARA) Shareholders of Securities Fraud Class Action Lawsuit Filed on Their Behalf

CLICK HERE TO SUBMIT YOUR MARATHON LOSSES

DEADLESS DEADLINE: February 15, 2022

SCHOOL LESSON: October 13, 2020 through November 15, 2021

CONTACT A LAWYER TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or Duty free (844) 887-9500 or email at [email protected]

MARATHON’S REPORTED MISCONDUCT
Marathon is a digital asset technology company primarily engaged in mining cryptocurrencies, with a focus on the blockchain ecosystem and digital asset generation. on October 13, 2020, Marathon issued a press release announcing the formation of the Beowulf joint venture. This press release stated that the Beowulf joint venture is “focused on providing low-cost energy for marathon bitcoin mining operations” [,]”while asserting various alleged benefits Marathon would accrue in connection with this joint venture.

on November 15, 2021, the truth about the Beowulf joint venture was revealed when Marathon announced its financial results for the third quarter of 2021 by filing a Form 10-Q. In the report, Marathon announced that the company had received a subpoena from the SEC filing documents relating to its Hardin, Montana Data center. In particular, Marathon revealed that “during the quarter ended” September 30, 2021, [Marathon] and some of their executives have received subpoenas for documents and notices about the Hardin, Montana Data center system described in [Marathon’s] Form 8-K dated October 13, 2020. “The report further revealed that Marathon understood” that the SEC may be investigating whether or not there may have been violations of the federal securities law. ”

After this news, Marathon shares fell $ 20.52, or 27% to at. close $ 55.40 per share November 15, 2021.

WHAT CAN I DO?
Marathon investors can enter no later than February 15, 2022, attempt to be appointed as lead class representative by Kessler Topaz Meltzer & Check, LLP, or other legal counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages marathon investors who have suffered significant losses to contact the company directly for more information.
CLICK HERE TO SIGN UP FOR THE CASE

Who can be a lead plaintiff?
A lead plaintiff is a representative party who acts on behalf of each of the class plaintiffs in the conduct of the dispute. The main plaintiff is usually the investor or small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects an attorney to represent the lead plaintiff and the group, and those attorneys, if approved by the court, are lead or class plaintiffs. Your ability to participate in a recovery will not be affected by whether or not you wish to be the lead plaintiff.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP pursues class action lawsuits in state and federal courts across the country and worldwide. The company has earned a worldwide reputation for excellence and reclaimed millions of dollars for victims of corporate fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and trustees. Ultimately, we succeeded if the bad guys pay and you get your wealth back. 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.

CONTACT:
Kessler Topas Meltzer & Check, LLP
James Maro, Jr., Esq.
280 König-von-Preußen-Strasse
Radnor, PA 19087
(844) 887-9500 (toll free)
[email protected]

SOURCE Kessler Topaz Meltzer & Check, LLP