SHAREHOLDER ACTION ALERT: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Ebang International Holdings Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
THE ANGEL–(BUSINESS WIRE) – Schall law firm, a national law firm specializing in shareholder rights, is reminding investors of a class action lawsuit against Ebang International Holdings Inc. (“Ebang” or “the Company”) (NASDAQ: EBON) for violating Sections 10 (b) and 20 ( a) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the US Securities and Exchange Commission.
Investors who purchased the Company’s securities between June 26, 2020 and April 5, 2021 (including the “Class Period”) are requested to contact the Company before June 7, 2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights at no charge. You can also contact us on the company’s website at www.schallfirm.com or by email at firstname.lastname@example.org.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. Ebang channeled the proceeds of its public offerings into long-term, low-yielding bonds and related companies rather than expanding its operations and infrastructure. The company increased its revenue decline through programs such as the sale of defective units. The company’s previous attempts to go public in Hong Kong failed because of allegations of embezzlement and inflation of sales. The company’s alleged cryptocurrency exchange was actually the purchase of an out-of-the-box crypto solution. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about Ebang, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class action and shareholder disputes.
This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.