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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

MARATHON DIGITAL HOLDINGS, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed against Marathon Digital Holdings, Inc. in the United States District Court for the District of Nevada

December 21, 2021 GMT

NEW YORK, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP  announces that a federal securities class action lawsuit has been against Marathon Digital Holdings, Inc. (f/k/a Marathon Patent Group, Inc.) (“Marathon” or the “Company”) (NASDAQ: MARA) in the United States District Court for the District of Nevada on behalf of investors who purchased or acquired the common stock of Marathon between October 13, 2020 and November 15, 2021, inclusive (the “Class Period”).

All investors who purchased the shares of Marathon Digital Holdings, Inc. and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.

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If you have incurred losses in Marathon Digital Holdings, Inc. you may, no later than February 15, 2022, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Marathon Digital Holdings, Inc.

PLEASE CLICK HERE TO JOIN CASE

According to the filed Complaint, Defendants made false and/or misleading statements and/or failed to disclose that:

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  • multiple parties to design and build a data center in Hardin, Montana, implicated potential regulatory violations, including U.S. securities law violations;
  • as a result, the Beowulf Joint Venture subjected Marathon to a heightened risk of regulatory scrutiny;
  • the foregoing was reasonably likely to have a material negative impact on the Company’s business and commercial prospects; and
  • as a result, the Company’s public statements were materially false and misleading at all relevant times.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, donovan@whafh.com  or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.