According to the lawsuit, throughout the Class Period, defendants made made false and/or misleading statements, as well as failed to disclose material adverse facts about the Bakkt’s business, operations, and prospects. Specifically, defendants:
- misrepresented the stability and/or diversity of its crypto services revenue;
- failed to disclose Bakkt’s Crypto services revenue was substantially dependent on a single contract with Webull;
- misrepresented its ability to maintain key client relationships; and
- as a result of the foregoing, defendants’ positive statements about Bakkt’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Attorney Advertising. Prior results do not guarantee a similar outcome.
