Last days to actively participate in the class action; Portnoy law firm
Investors with losses are encouraged to contact the firm before June 7, 2021; Click on here to submit business information
LOS ANGELES, April 28, 2021 (GLOBE NEWSWIRE) – The Portnoy law firm notify investors that a class action lawsuit has been filed on behalf of investors in Ebang International Holdings, Inc. (NASDAQ: EBON) who acquired shares between June 26, 2020 and April 5, 2021. Investors have until June 7, 2021 seek an active role in this litigation.
Investors are encouraged to contact a lawyer Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or E-mail, or Click here to join the case.
Analyst Hindenburg Research released a report on April 6, 2021, alleging that the Chinese cryptocurrency firm was directing the proceeds of its IPO last year into a “series of dark deals with insiders and dubious counterparties. “. Ebang raised $ 21 million in November 2020, according to the report, saying the proceeds would go “primarily to development,” and that $ 21 million would have been used to repay loans to parties related to a relative of the president and CEO. general of the company, Dong Hu. It was also noted in this report that Ebang’s earlier efforts to go public on the Hong Kong Stock Exchange failed as a result, to widespread media coverage of his relationship with Yindou, a Chinese peer-to-peer lending program. to-peer who defrauded 20,000 retail investors. in 2018, with $ 655 million “disappearing in the air”. On April 6, 2021, the stock price fell $ 0.82, or about 13%, on the news, to close at $ 5.53 per share, hurting investors.
A class action has already been filed. If you wish to act as the principal applicant, you must move the Court no later than June 7, 2021.
Please visit our website to view more information and submit your transaction information.
The Portnoy law firm represents investors in the pursuit of claims resulting from corporate wrongdoing. The company’s founding partner has recovered more than $ 5.5 billion for aggrieved investors. Lawyer advertising. Past results do not guarantee similar results.
Lesley F. Portnoy, Esq.
Admitted to CA and NY Bar