According to the lawsuit, during the Class Period, defendants’ statements promoting the NFTs were untrue or misleading statements of material fact. In truth, at the time defendants sold the NFTs, defendants had no plan for developing Midnight Hub’s infrastructure or any of the platform’s decentralized projects such as the Digital Nomads TV. In fact, defendants had no plans for the future of Midnight Hub aside from profiting off the hype and excitement around the project.
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.
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