According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that:
- defendants were not interested in leveraging the EQONEX Exchange or deploying resources to strengthen that technology;
- EQONEX had no way of paying Bifinity back pursuant to the Loan Agreement;
- defendants had no intention of consummating a merger between EQONEX and Bifinity or Binance; and
- as a result of the foregoing, defendants’ positive statements about the Company’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.