Class Action Reports

EBON Class Action: Learn About the Ebang International Lawsuit

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April 14, 2021

Levi & Korsinsky, LLP announces that an EBON class action lawsuit has been filed on behalf of investors who purchased Ebang International Holdings Inc. (EBON) securities between June 26, 2020, and April 5, 2021. For more on the EBON Lawsuit please contact us today.

 

According to the Ebang International lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the proceeds from Ebang’s public offerings had been directed to a low yield, long term bonds to an underwriter and to related parties rather than used to develop the Company’s operations; (2) Ebang’s sales were declining and the Company had inflated reported sales, including through the sale of defective units; (3) Ebang’s attempts to go public in Hong Kong had failed due to allegations of embezzling investor funds and inflated sales figures; (4) Ebang’s purported cryptocurrency exchange was merely the purchase of an out-of-the-box crypto exchange; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

 

TO LEARN MORE ABOUT THE EBON CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Ebang International you have until June 7, 2021, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com