{"id":460840,"date":"2021-03-18T10:33:29","date_gmt":"2021-03-18T14:33:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=460840"},"modified":"2021-03-18T10:33:29","modified_gmt":"2021-03-18T14:33:29","slug":"the-law-offices-of-frank-r-cruz-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-bit-digital-inc-btbt","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-bit-digital-inc-btbt\/","title":{"rendered":"The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. (BTBT)"},"content":{"rendered":"

<\/p>\n

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. (BTBT)<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–The Law Offices of Frank R. Cruz<\/a> reminds investors of the upcoming March 22, 2021 <\/b>deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Bit Digital Inc. (\u201cBit Digital\u201d or the \u201cCompany\u201d) (NASDAQ: BTBT<\/a>) securities between December 21, 2020 and January 8, 2021<\/b>, inclusive (the \u201cClass Period\u201d).\n<\/p>\n

\nIf you are a shareholder who suffered a loss, click here<\/a> to participate.\n<\/p>\n

\nOn January 11, 2021, J Capital Research issued a research report alleging, among other things, that Bit Digital operates \u201ca fake crypto currency business\u201d \u201cdesigned to steal funds from investors.\u201d Though the Company claims \u201cit was operating 22,869 bitcoin miners in China,\u201d J Capital alleged that \u201cis simply not possible\u201d and stated that \u201c[w]e verified with local governments supposedly hosting the BTBT mining operation that there are no bitcoin miners there.\u201d\n<\/p>\n

\nOn this news, Bit Digital\u2019s stock price fell $6.27 per share, or 25%, to close at $18.76 per share on January 11, 2021, on unusually heavy trading volume.\n<\/p>\n

\nThroughout 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 a 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.\n<\/p>\n

\nFollow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.\n<\/p>\n

\nIf you purchased or otherwise acquired Bit Digital securities during the Class Period, you may move the Court no later than March 22, 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 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 info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.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\/20210318005332\/en\/<\/a><\/span><\/p>\n

\nThe Law Offices of Frank R. Cruz, Los Angeles
\n
Frank R. Cruz, 310-914-5007
\n
fcruz@frankcruzlaw.com
\n<\/a>
www.frankcruzlaw.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
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. (BTBT) LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz reminds investors of the upcoming March 22, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Bit Digital Inc. (\u201cBit Digital\u201d or the \u201cCompany\u201d) (NASDAQ: BTBT) securities between December 21, 2020 and January 8, 2021, inclusive (the \u201cClass Period\u201d). If you are a shareholder who suffered a loss, click here to participate. On January 11, 2021, J Capital Research issued a research report alleging, among other things, that Bit Digital operates \u201ca fake crypto currency business\u201d \u201cdesigned to steal funds … <\/p>\n

Continue reading “The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. (BTBT)”<\/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-460840","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. 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Cruz reminds investors of the upcoming March 22, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Bit Digital Inc. (\u201cBit Digital\u201d or the \u201cCompany\u201d) (NASDAQ: BTBT) securities between December 21, 2020 and January 8, 2021, inclusive (the \u201cClass Period\u201d). If you are a shareholder who suffered a loss, click here to participate. On January 11, 2021, J Capital Research issued a research report alleging, among other things, that Bit Digital operates \u201ca fake crypto currency business\u201d \u201cdesigned to steal funds … Continue reading "The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bit Digital Inc. 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