NASDAQ: EBON

Ebang International Holdings Inc.

Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Ebang International Holdings Inc. (NASDAQ: EBON) between June 26, 2020 and April 5, 2021, inclusive (the “Class Period”) of the important June 7, 2021 lead plaintiff deadline.

If you purchased Ebang securities between June 26, 2020 and April 5, 2021 and would like to join the action, please click “Join This Class Action,” above.

If you purchased Ebang securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

案件详情:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • The proceeds from Ebang’s public offerings had been directed to a low yield, long term bonds to an underwriter and to related parties rather than used to develop the Company’s operations;
  • Ebang’s sales were declining and the Company had inflated reported sales, including through the sale of defective units;
  • Ebang’s attempts to go public in Hong Kong had failed due to allegations of embezzling investor funds and inflated sales figures;
  • Ebang’s purported cryptocurrency exchange was merely the purchase of an out-of-the-box crypto exchange; and
  • As a result of the foregoing, defendants’ positive statements about Ebang’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.

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