Marathon Digital Holdings, Inc. (2023)
A securities class action has been filed in the USDC – NV. against Marathon Digital Holdings, Inc. (MARA) (“Marathon”) on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired the publicly traded securities of Marathon between May 10, 2021 through February 28, 2023, both dates inclusive (the “Class Period”).
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:
- the Company overstated the efficacy of its disclosure controls and procedures and internal control over financial reporting;
- as a result, the Company’s revenues and cost of revenue were materially misstated during the Class Period;
- the foregoing, once revealed, was reasonably likely to have a material negative impact on the Company’s financial condition; and
- as a result, the Company’s public statements were materially false and misleading at all relevant times.
If you purchased Marathon securities during the Class Period and would like to receive more information or join the action, please enter your contact information below and click “Submit Your Information”
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Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.
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