| COMPANY |
Marathon Digital Holdings, Inc. |
| COURT |
United States District Court for the District of Nevada |
| CASE NUMBER |
21-cv-02209 |
| JUDGE |
The Honorable Richard Franklin Boulware II |
| CLASS PERIOD |
October 13, 2020 - November 15, 2021 |
| SECURITY TYPE |
Securities |
Case Background:
A class action lawsuit has been filed on behalf of those who purchased or acquired Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. (“Marathon”) (NASDAQ: MARA) securities between October 13, 2020 and November 15, 2021, both dates inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, the 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 January 13, 2023, the Court ordered that the Motion to Dismiss the complaint, the Motion to Temporarily Stay all Motion to Dismiss Briefing, and the Motion to Consolidate Cases and Appoint Lead Plaintiffs' Counsel are denied without prejudice. The Court issued Notice that if the parties don’t take action before May 16, 2024, the Court will enter an Order of Dismissal. On May 23, 2024, the Court entered an Order of Dismissal dismissing the case without prejudice. This action has concluded.
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: James Maro, 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.