LOS ANGELES–(Small business WIRE)–Jan 13, 2021–
Glancy Prongay & Murray LLP (“GPM”), a foremost national shareholder rights law organization, now announced that it has commenced an investigation on behalf of Bit Digital Inc. (“Bit Digital” or the “Company”) (NASDAQ: BTBT ) investors concerning the Company’s probable violations of the federal securities guidelines.
If you experienced a loss on your Bit Electronic investments or would like to inquire about possibly pursuing statements to recover your decline less than the federal securities guidelines, you can submit your speak to information and facts at https://www.glancylaw.com/circumstances/little bit-digital-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or by using e-mail at [email protected] to discover additional about your legal rights.
On January 11, 2021, J Money Analysis issued a investigation report alleging, among the other points, that Little bit Electronic operates “a pretend crypto forex business” “designed to steal cash from buyers.” However the Business claims “it was working 22,869 bitcoin miners in China,” J Funds alleged that “is only not possible” and mentioned that “[w]e confirmed with neighborhood governments supposedly web hosting the BTBT mining procedure that there are no bitcoin miners there.”
On this news, Little bit Digital’s stock rate fell $6.27 for each share, or 25%, to shut at $18.76 per share on January 11, 2021.
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Whistleblower Observe: Individuals with non-general public information pertaining to Bit Digital ought to take into account their possibilities to help the investigation or consider edge of the SEC Whistleblower Program. Under the method, whistleblowers who deliver unique information may possibly acquire benefits totaling up to 30 per cent of any effective recovery made by the SEC. For extra details, connect with Charles H. Linehan at 310-201-9150 or 888-773-9224 or e mail [email protected].
About GPM
Glancy Prongay & Murray LLP is a premier legislation business symbolizing buyers and consumers in securities litigation and other complex class motion litigation. ISS Securities Course Motion Products and services has regularly ranked GPM in its once-a-year SCAS Prime 50 Report. In 2018, GPM was ranked a top five legislation business in amount of securities course action settlements, and a top 6 regulation organization for total dollar size of settlements. With four workplaces throughout the nation, GPM’s practically 40 attorneys have received groundbreaking rulings and recovered billions of bucks for traders and shoppers in securities, antitrust, purchaser, and work course actions. GPM’s attorneys have taken care of situations covering a extensive spectrum of company misconduct which include scenarios involving economical restatements, interior management weaknesses, earnings administration, fraudulent earnings steering and forward on the lookout statements, auditor misconduct, insider trading, violations of Food and drug administration laws, steps ensuing in Fda and DOJ investigations, and many other forms of corporate misconduct. GPM’s lawyers have labored on securities circumstances relating to almost all industries and sectors in the economic marketplaces, including, electrical power, shopper discretionary, buyer staples, real estate and REITs, economic, insurance, info technology, well being treatment, biotech, cryptocurrency, healthcare units, and numerous much more. GPM’s earlier successes have been broadly lined by primary information and marketplace publications such as The Wall Road Journal, The Economical Periods, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Enterprise Every day, Forbes, and Funds.
This press release may possibly be viewed as Lawyer Promoting in some jurisdictions below the applicable law and moral guidelines.
Check out source edition on businesswire.com:https://www.businesswire.com/information/house/20210113005862/en/
Speak to: Glancy Prongay & Murray LLP, Los Angeles
Charles H. Linehan, 310-201-9150 or 888-773-9224
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
www.glancylaw.com
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PUB: 01/13/2021 06:00 PM/DISC: 01/13/2021 06:00 PM
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