{"id":457861,"date":"2021-03-15T12:08:12","date_gmt":"2021-03-15T16:08:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457861"},"modified":"2021-03-15T12:08:12","modified_gmt":"2021-03-15T16:08:12","slug":"deadline-alert-for-clsk-btbt-lizi-and-jfu-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-8","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-clsk-btbt-lizi-and-jfu-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-8\/","title":{"rendered":"DEADLINE ALERT for CLSK, BTBT, LIZI, and JFU: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders"},"content":{"rendered":"<div class=\"mw_release\">\n<p>LOS ANGELES, March  15, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7ZeE4bMJxL871csfVIsSGTRYiXaXKvVaYbvmcUaTZW4zEKDqOTohhRnkkDa4U9jlJmWspAZPbO_xiFALQ_eG1DpQWBbs7d8Ec8DkOIfcnZbMQmvwcldp0xd6WaXRf4ms\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">The Law Offices of Frank R. Cruz<\/a> reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.\u00a0 Investors have until the deadlines listed below to file a lead plaintiff motion.<\/p>\n<p>Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8Uht-ULgedXiibGO3TqU1ky-4qA1hcD8n7F40dODiO3NvSQkwSWWcIn-9qpZ_XdNeVZV8s4-5VxbbtXdVHTsEaqsZAAtqXlzY-hAJVgZ2Wk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">fcruz@frankcruzlaw.com<\/a>.<\/p>\n<p>\n        <strong>CleanSpark, Inc.<\/strong> (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QOJZLNa6c-kOG5j6UdKFRgAapzSwCrYiif76RUbHI6Szxrmo8jubWY9y0eJqpRBtq1B8Hyeh-YaOryRnPf4X_Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">CLSK<\/a>)<br \/>Class Period:\u00a0\u00a0 December 31, 2020 \u2013 January 14, 2021<br \/>Lead Plaintiff Deadline: <strong>March 22, 2021<\/strong><\/p>\n<p>The 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) that the Company had overstated its customer and contract figures; (2) that several of the Company\u2019s recent acquisitions involved undisclosed related party transactions; and (3) 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.<\/p>\n<p>\n        <strong>Bit Digital Inc.<\/strong> (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Yq0lIF2N20z5Oij-yTn018aDgl5iJ41DlBcgYaYqgrfk-XRAu62Fna4mHgkOxj5xrO8G7QprJ8HXS8kG1JNLxg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">BTBT<\/a>)<br \/>Class Period: December 21, 2020 \u2013 January 8, 2021<br \/>Lead Plaintiff Deadline: <strong>March 22, 2021<\/strong><\/p>\n<p>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) that Bit Digital overstated the extent of its bitcoin mining operation; and (2) 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.<\/p>\n<p>\n        <strong>Lizhi Inc.<\/strong> (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OiIsJCWkdnECd3eirr4_VIwn8Fsjy9Gb2BmPZpLwxeN5o0Q04iXUUI08bysl_w8YRBC1vzh-RbfLXbAD-Xz8iA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LIZI<\/a>)<br \/>Class Period: January 2020 IPO<br \/>Lead Plaintiff Deadline: <strong>March 22, 2021<\/strong><\/p>\n<p>The complaint alleges that 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 that: (1) at the time of the IPO, the coronavirus was already ravaging China, the home base, principal market, and significant hub for Lizhi, its employees, and its customers; (2) the complications associated with the coronavirus were already negatively affecting Lizhi&#8217;s business, as employees and customers contracted the virus, lost employment, or otherwise experienced difficulty in generating, publishing, and monetizing the content critical to Lizhi&#8217;s platform; (3) even prior to the IPO, Lizhi employees and customers complained of, and to, Lizhi, which harmed the Company&#8217;s reputation and financial condition and prospects; and (4) as a result, Defendants&#8217; statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n<p>\n        <strong>9F Inc.<\/strong> (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2iQbQ-XD5JuvAUoVjCFj33wrpYOspxNxLOzX6MbW37lgRV6GD0Bf_-HYSAvk1rZq1w1M_rERnwi4_TqCWwOvxg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">JFU<\/a>)<br \/>Class Period: August 14, 2019 \u2013 September 29, 2020<br \/>Lead Plaintiff Deadline: <strong>March 22, 2021<\/strong><\/p>\n<p>The complaint filed alleges that 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 that: (1) the purported value and benefits of the Company\u2019s financial institution partners and its tri-party cooperation business model did not in fact exist and\/or were materially overstated, given that 9F and PICC had been engaged in an ongoing contractual dispute regarding payment of service fees under the Cooperation Agreement; (2) the collectability of service fees owed to 9F by PICC under the Cooperation Agreement was in doubt and at serious risk of non-payment; (3) there was a significant risk that PICC would no longer provide credit insurance and guarantee protection to investors and institutional funding partners; and (4) as a result of the foregoing, the Company\u2019s platform, business model, reputation and financial results had been materially impaired.<\/p>\n<p>Follow us for updates on Twitter: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BIVnuv7ogDDzdC_AdyDuY-_YBWf0m2RRovr0wBXiJQTK7BPHBZVYZfd7eka_K5eJnTx1fclhnxsgdgEfYtcpEPVhHZPivulgl42-aT3Hs-E=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">twitter.com\/FRC_LAW<\/a>.<\/p>\n<p>To be a member of these class actions, 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\u00a0learn more\u00a0about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-KuQU-iofXFsG6QHvYPf2k3_XHfH2y8Sd4oiOJK3XKaqjDFinlFw2MFwmB6DEX1rSWCuMZzEDv4hC1IcJv-hT9iR4F_4C3P2P24umzIjXek=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@frankcruzlaw.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LwR9ncNrJ-6kThBBX1SjZktAYDyke6ARLdqbOWXLnNUDVSqKEZjxlzl5Ny4VxOqatGErdfc9eiCk-S9vOpwR9kJdz8risH8HYvYC-tj_XqA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.frankcruzlaw.com<\/a>.\u00a0\u00a0 If you inquire by email please include your mailing address, telephone number, and number of shares purchased.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>Contacts<\/p>\n<p>The Law Offices of Frank R. Cruz, Los Angeles<br \/>Frank R. Cruz, 310-914-5007<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8Uht-ULgedXiibGO3TqU1ky-4qA1hcD8n7F40dODiO0Ufvq0wLnO-G_zClEZwvGnmMZyvNj3KUODHUnyn5OaPNM2SgkofK5piiIP47YzUhc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">fcruz@frankcruzlaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LwR9ncNrJ-6kThBBX1SjZgsyDwrE_yNfy3oipkJoa7x5T94Mbs9HeiAPBqUPrDAdPIjmeJQwIfm1D_9iLPeU9SZb0_3wVdB2GMntlf9_zdQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.frankcruzlaw.com<\/a>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4OTkwNiM0MDYzODYxIzIxOTQyMzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/86452499-3b75-4e68-988e-48a303849591\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, March 15, 2021 (GLOBE NEWSWIRE) &#8212; The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.\u00a0 Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. CleanSpark, Inc. (NASDAQ: CLSK)Class Period:\u00a0\u00a0 December 31, 2020 \u2013 January 14, 2021Lead Plaintiff Deadline: March 22, 2021 The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-clsk-btbt-lizi-and-jfu-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-8\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DEADLINE ALERT for CLSK, BTBT, LIZI, and JFU: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders&#8221;<\/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-457861","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DEADLINE ALERT for CLSK, BTBT, LIZI, and JFU: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders - 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\/deadline-alert-for-clsk-btbt-lizi-and-jfu-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-8\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DEADLINE ALERT for CLSK, BTBT, LIZI, and JFU: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, March 15, 2021 (GLOBE NEWSWIRE) &#8212; The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.\u00a0 Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. CleanSpark, Inc. (NASDAQ: CLSK)Class Period:\u00a0\u00a0 December 31, 2020 \u2013 January 14, 2021Lead Plaintiff Deadline: March 22, 2021 The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed &hellip; Continue reading &quot;DEADLINE ALERT for CLSK, BTBT, LIZI, and JFU: The Law Offices of Frank R. 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Cruz Reminds Investors of Class Actions on Behalf of Shareholders - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-clsk-btbt-lizi-and-jfu-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-8\/","og_locale":"en_US","og_type":"article","og_title":"DEADLINE ALERT for CLSK, BTBT, LIZI, and JFU: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders - Market Newsdesk","og_description":"LOS ANGELES, March 15, 2021 (GLOBE NEWSWIRE) &#8212; The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.\u00a0 Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. CleanSpark, Inc. (NASDAQ: CLSK)Class Period:\u00a0\u00a0 December 31, 2020 \u2013 January 14, 2021Lead Plaintiff Deadline: March 22, 2021 The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed &hellip; Continue reading \"DEADLINE ALERT for CLSK, BTBT, LIZI, and JFU: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-clsk-btbt-lizi-and-jfu-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-8\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-15T16:08:12+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4OTkwNiM0MDYzODYxIzIxOTQyMzI=","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\/deadline-alert-for-clsk-btbt-lizi-and-jfu-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-8\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-clsk-btbt-lizi-and-jfu-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-8\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"DEADLINE ALERT for CLSK, BTBT, LIZI, and JFU: The Law Offices of Frank R. 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