{"id":406270,"date":"2020-12-29T12:11:12","date_gmt":"2020-12-29T17:11:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=406270"},"modified":"2020-12-29T12:11:12","modified_gmt":"2020-12-29T17:11:12","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp-trit-tritw","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-triterras-inc-f-k-a-netfin-acquisition-corp-trit-tritw\/","title":{"rendered":"Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp. (TRIT) (TRITW)"},"content":{"rendered":"

<\/p>\n

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp. (TRIT) (TRITW)<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–Glancy Prongay & Murray LLP<\/a> (\u201cGPM\u201d) reminds investors of the upcoming February 19, 2021 <\/b>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who 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).\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> 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 or otherwise acquired Triterras securities during the Class Period, you may move the Court no later than February 19, 2021 <\/b>to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, 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 shareholders@glancylaw.com<\/a>, or visit our website at www.glancylaw.com<\/a>. If you inquire by email please include your mailing address, telephone number and number of shares purchased.\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\/20201229005351\/en\/<\/a><\/span><\/p>\n

\nGlancy Prongay & Murray LLP, Los Angeles
\n
Charles Linehan, 310-201-9150 or 888-773-9224
\n
shareholders@glancylaw.com
\n<\/a>
www.glancylaw.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/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
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Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp. (TRIT) (TRITW) LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming February 19, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who 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). If 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 … <\/p>\n

Continue reading “Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp. (TRIT) (TRITW)”<\/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-406270","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGlancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp. 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(TRIT) (TRITW) LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming February 19, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who 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). If 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 … Continue reading \"Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Triterras, Inc. f\/k\/a Netfin Acquisition Corp. 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