Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. (“Marathon”) (NASDAQ: MARA) securities between October 13, 2020 and November 15, 2021, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Beowulf Joint Venture, as it related to the Hardin Facility, implicated potential regulatory violations, including U.S. securities law violations; (2) as a result, the Beowulf Joint Venture subjected Marathon to a heightened risk of regulatory scrutiny; (3) the foregoing was reasonably likely to have a material negative impact on Marathon’s business and commercial prospects; and (4) as a result, Marathon’s public statements were materially false and misleading at all relevant times.
Current Status of Case:
On March 31, 2026, the Court granted Defendants’ Motion to Dismiss, and entered judgement in favor of Defendants on April 7, 2026. On April 30, 2026, the Lead Plaintiff’s appealed the District Court’s dismissal to the United States Court of Appeals for the Ninth Circuit. The appeal is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; 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.