The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. (NASDAQ: MARA) who purchased shares between October 13, 2020 and November 15, 2021. The action, which was filed in the United States District Court for the District of Nevada, alleges that the Company violated federal securities laws.
In particular, the Marathon lawsuit alleges that (i) the Beowulf Joint Venture, as it related to the Hardin Facility, implicated potential regulatory violations, including U.S. securities law violations; (ii) as a result, the Beowulf Joint Venture subjected Marathon to a heightened risk of regulatory scrutiny; (iii) the foregoing was reasonably likely to have a material negative impact on the Company’s business and commercial prospects; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Shareholders have until February 15, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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