{"id":404171,"date":"2020-12-21T20:57:16","date_gmt":"2020-12-22T01:57:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404171"},"modified":"2020-12-21T20:57:16","modified_gmt":"2020-12-22T01:57:16","slug":"trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\/","title":{"rendered":"TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp."},"content":{"rendered":"

<\/p>\n

TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp.<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–Glancy Prongay & Murray LLP<\/a> (\u201cGPM\u201d), announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York captioned Ferraiori v. Triterras, Inc., f\/k\/a Netfin Acquisition Corp., et al.,<\/i> (Case No. 1:20-cv-10795) on behalf of persons and entities that purchased or otherwise acquired Triterras, Inc. (\u201cTriterras\u201d or the \u201cCompany\u201d) f\/k\/a Netfin Acquisition Corp. (\u201cNetfin\u201d) (NASDAQ: TRIT<\/a>, TRITW<\/a>) securities between August 20, 2020 and December 16, 2020<\/b>, inclusive (the \u201cClass Period\u201d). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the \u201cExchange Act\u201d).\n<\/p>\n

\nInvestors are hereby notified that they have until 60 days from this notice<\/b> to move the Court to serve as lead plaintiff in this action.\n<\/p>\n

\nIf you suffered a loss on your Triterras investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/triterras-inc\/<\/a>. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com<\/a> or visit our website at www.glancylaw.com<\/a> to learn more about your rights.\n<\/p>\n

\nTriterras is a fintech company focused on trade and trade finance. It operates Kratos, a commodity trading and trade finance platform that connects commodity traders to trade and source capital from lenders directly online. Triterras formed via merger of Netfin and Triterras Fintech Pte. Ltd., which closed on November 11, 2020.\n<\/p>\n

\nRhodium Resources Pte. Ltd. (\u201cRhodium\u201d) is a commodity trading business controlled by Srinivas Koneru, the Company\u2019s Chief Executive Officer (\u201cCEO\u201d). Rhodium enabled the launch of the Kratos platform, and substantially all of the Company\u2019s users were referred to it by Rhodium.\n<\/p>\n

\nOn December 17, 2020, Triterras stated that Rhodium was seeking a moratorium to shield itself from creditor actions while it planned a restructuring of its debts and continue its business as a going concern.\n<\/p>\n

\nOn this news, the Company\u2019s share price fell $4.11, or 31%, to close at $9.09 per share on December 17, 2020, on unusually heavy trading volume. The Company\u2019s warrant price fell $1.09, or 35%, to close at $2.01 per warrant on December 17, 2020, on unusually heavy trading volume.\n<\/p>\n

\nThe complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the extent to which Company\u2019s revenue growth relied on Triterras\u2019 relationship with Rhodium to refer users to the Kratos platform; (2) that Rhodium faced significant financial liabilities that jeopardized its ability to continue as a going concern; (3) that, as a result, Rhodium was likely to refer fewer users to the Company\u2019s Kratos platform; and (4) that, as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.\n<\/p>\n

\nFollow us for updates on LinkedIn<\/a>, Twitter<\/a>, or Facebook<\/a>.\n<\/p>\n

\nIf you purchased\u202for otherwise acquired Triterras securities during the Class Period,\u202fyou may move the Court no later than\u202f60 days from this notice <\/b>ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no\u202faction and remain an absent member of the Class. If you wish to\u202flearn more\u202fabout this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact\u202fCharles\u202fLinehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to\u202fshareholders@glancylaw.com<\/a>, or visit our website at\u202fwww.glancylaw.com<\/a>. If you inquire by email please include your mailing address, telephone number and number of shares purchased.\u202f\u202f\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201221005789\/en\/<\/a><\/span><\/p>\n

\nGlancy Prongay & Murray LLP, Los Angeles
\n
Charles H. Linehan, 310-201-9150 or 888-773-9224
\n
1925 Century Park East, Suite 2100
\n
Los Angeles, CA 90067
\n
www.glancylaw.com
\n<\/a>
shareholders@glancylaw.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp. LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (\u201cGPM\u201d), announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York captioned Ferraiori v. Triterras, Inc., f\/k\/a Netfin Acquisition Corp., et al., (Case No. 1:20-cv-10795) on behalf of persons and entities that purchased or otherwise acquired Triterras, Inc. (\u201cTriterras\u201d or the \u201cCompany\u201d) f\/k\/a Netfin Acquisition Corp. (\u201cNetfin\u201d) (NASDAQ: TRIT, TRITW) securities between August 20, 2020 and December 16, 2020, inclusive (the \u201cClass Period\u201d). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the \u201cExchange … <\/p>\n

Continue reading “TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-404171","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp. LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (\u201cGPM\u201d), announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York captioned Ferraiori v. Triterras, Inc., f\/k\/a Netfin Acquisition Corp., et al., (Case No. 1:20-cv-10795) on behalf of persons and entities that purchased or otherwise acquired Triterras, Inc. (\u201cTriterras\u201d or the \u201cCompany\u201d) f\/k\/a Netfin Acquisition Corp. (\u201cNetfin\u201d) (NASDAQ: TRIT, TRITW) securities between August 20, 2020 and December 16, 2020, inclusive (the \u201cClass Period\u201d). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the \u201cExchange … Continue reading "TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-22T01:57:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201221005789r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\\\/k\\\/a Netfin Acquisition Corp.\",\"datePublished\":\"2020-12-22T01:57:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\\\/\"},\"wordCount\":769,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201221005789r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\\\/\",\"name\":\"TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\\\/k\\\/a Netfin Acquisition Corp. - 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LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (\u201cGPM\u201d), announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York captioned Ferraiori v. Triterras, Inc., f\/k\/a Netfin Acquisition Corp., et al., (Case No. 1:20-cv-10795) on behalf of persons and entities that purchased or otherwise acquired Triterras, Inc. (\u201cTriterras\u201d or the \u201cCompany\u201d) f\/k\/a Netfin Acquisition Corp. (\u201cNetfin\u201d) (NASDAQ: TRIT, TRITW) securities between August 20, 2020 and December 16, 2020, inclusive (the \u201cClass Period\u201d). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the \u201cExchange … Continue reading \"TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-22T01:57:16+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201221005789r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp.","datePublished":"2020-12-22T01:57:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\/"},"wordCount":769,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201221005789r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/trit-tritw-class-action-notice-glancy-prongay-murray-llp-files-securities-fraud-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp\/","name":"TRIT, TRITW CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp. - 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