RADNOR, Pa., March 13, 2021 (GLOBE NEWSWIRE) – Kessler Topaz law firm Meltzer & Check, LLP announces securities fraud class action lawsuit filed in U.S. District Court for Southern District New York vs. Bit Digital, Inc. (NASDAQ: BTBT) (“Bit Digital”) on behalf of those who purchased or acquired Bit Digital securities between December 21, 2020 and January 8, 2021, inclusive (the “class time”).
Investment date reminder: Investors who bought or acquired Bit Digital securities during class time can, no later than March 22, 2021, trying to be appointed as the plaintiff ‘s leading representative of the class. For more information or to find out how you can participate in this law, contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 and Adrienne Bell, Esq. (484) 270-1435); tax free at (844) 887-9500; via email at [email protected]; no click https://www.ktmc.com/bit-digital-inc-securities-class-action?utm_source=PR&utm_medium=link&utm_campaign=bitdigital
According to the complaint, Bit Digital is a holding company engaged in the bitcoin mining business through its subsidiaries in the United States and Hong Kong.
On January 11, 2021, J Capital Research (“J Capital”) released a research report claiming, among other things, that Bit Digital operates a “fake crypto currency business. . . designed to steal money from investors. While Bit Digital says “it operated 22,869 bitcoin miners in China,” J Capital said “it is not possible” and said “[w]confirmed by local governments apparently hosting the BTBT mining operation that there are no bitcoin miners. ”Following this news, Bit Digital’s stock price fell $ 6.27 per share, or 25%, to close at $ 18.76 per share on January 11, 2021.
Bit Digital investors can, no later than March 22, 2021, try to be appointed as the plaintiff ‘s lead class representative through Kessler Topaz Meltzer & Check, LLP or other advisor, or they can choose to do nothing and remain an absent member of the class. A master planner is a representative party that acts on behalf of class members in enforcing the law. In order to be named as the lead planner, the Court must confirm that the class member’s application is standard in the applications of the other class members, and that the class member will appropriately represent the class. The decision as to whether or not you should be the main complainant does not affect your ability to recover from any relapse.
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts across the country including security fraud, breach of trust obligations and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is the driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The company represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and participate in recovering government dollars) . The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP visit www.ktmc.com.
INFORMATION:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (tax free)
[email protected]