COMPANY |
Bit Digital, Inc. |
COURT |
United States District Court for the Southern District of New York |
CASE NUMBER |
21-cv-00515 |
JUDGE |
The Hon. Andrew L. Carter |
CLASS PERIOD |
December 21, 2020 - January 11, 2021 |
SECURITY TYPE |
Common Stock |
Case Background:
The Class Period commences on December 21, 2020 when Bit Digital announced its revised third quarter 2020 financial results in a press release.
The complaint alleges that throughout the Class Period, the Defendants failed to disclose to investors that: (1) Bit Digital overstated the extent of its a bitcoin mining operation; and (2) as a result of the foregoing, the defendants’ positive statements about Bit Digital’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Current Status of Case:
On March 7, 2023, the Court granted Final Approval of the Settlement. This action has concluded.
The deadline to file a claim is March 21, 2023. If you have any questions or need further information about this settlement, you may go to the following website, www.BitDigitalSettlement.com, or you can contact the claims administrator, Kroll Settlement Administration at 1-833-709-0828.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.