NEW YORK, Jan. 28, 2022 /PRNewswire/ -- Jakubowitz Law
announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Marathon Digital Holdings,
Inc. f/k/a Marathon Patent Group, Inc. (NASDAQ: MARA).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/marathon-digital-holdings-inc-f-k-a-marathon-patent-group-inc-loss-submission-form/?id=22666&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Marathon between October 13,
2020 and November 15, 2021.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
February 15, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Marathon Digital Holdings, Inc.
f/k/a Marathon Patent Group, Inc. issued materially false and/or
misleading statements and/or failed to disclose 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law