{"id":475647,"date":"2021-04-13T09:16:24","date_gmt":"2021-04-13T13:16:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/can-alert-did-you-lose-money-on-your-canaan-investment-contact-johnson-fistel-regarding-investigation\/"},"modified":"2021-04-13T09:16:24","modified_gmt":"2021-04-13T13:16:24","slug":"can-alert-did-you-lose-money-on-your-canaan-investment-contact-johnson-fistel-regarding-investigation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/can-alert-did-you-lose-money-on-your-canaan-investment-contact-johnson-fistel-regarding-investigation\/","title":{"rendered":"(CAN) Alert: Did You Lose Money on Your Canaan Investment? Contact Johnson Fistel Regarding Investigation"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SAN DIEGO<\/span>, <span class=\"xn-chron\">April 13, 2021<\/span> \/PRNewswire\/ &#8212; Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Canaan Inc. (NASDAQ: CAN) (&#8220;Canaan&#8221; or the &#8220;Company&#8221;). <\/p>\n<p>On <span class=\"xn-chron\">Monday, April 12, 2021<\/span>, before the market opened, Canaan issued a press release disclosing its 4Q20 and FY20 financial results for the period ended <span class=\"xn-chron\">December 31<\/span>, 2020.\u00a0 Canaan generated <span class=\"xn-money\">$5.9 million<\/span> in revenue in Q4 and <span class=\"xn-money\">$68.6 million<\/span> for full-year 2020. Canaan&#8217;s 4Q20 sales had declined more than 93% year-over-year compared to its fourth-quarter fiscal year 2019.<\/p>\n<p>Following this news, Canaan shares plummeted, closing down 29.62% on <span class=\"xn-chron\">April 12, 2021<\/span>.<\/p>\n<p>\n        <span class=\"xn-person\">Johnson Fistel&#8217;s<\/span>\u00a0investigation seeks to determine whether\u00a0the Company issued false or misleading statements or failed to disclose information relevant to investors.<\/p>\n<p>\n        <b>If you have information that could assist in this investigation, or if you are a Canaan shareholder and are interested in learning more about the investigation, please contact <span class=\"xn-person\">Jim Baker<\/span> (<\/b><br \/>\n        <u><br \/>\n          <a target=\"_blank\" href=\"mailto:jimb@johnsonfistel.com\" rel=\"nofollow noopener\">jimb@johnsonfistel.com<\/a><br \/>\n        <\/u><br \/>\n        <b>)\u00a0by email or phone at 619-814-4471. If emailing, please include a phone number. <\/b>\n      <\/p>\n<p>\n        <b>Additionally, you can [<\/b><br \/>\n        <b><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3127250-1&amp;h=4027401743&amp;u=https%3A%2F%2Fwww.cognitoforms.com%2FJohnsonFistel%2FCanaanInc&amp;a=click+here+to+join+this+action\" rel=\"nofollow noopener\">click here to join this action<\/a>]. There is no cost or obligation to you.<\/b>\n      <\/p>\n<p>\n        <b>About <\/b><br \/>\n        <b><br \/>\n          <span class=\"xn-person\">Johnson Fistel<\/span>, LLP:<\/b><br \/>\n        <br \/>\n        <span class=\"xn-person\">Johnson Fistel<\/span>, LLP is a nationally recognized shareholder rights law firm with offices in <span class=\"xn-location\">California<\/span>, <span class=\"xn-location\">New York<\/span> and <span class=\"xn-location\">Georgia<\/span>. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3127250-1&amp;h=2552113929&amp;u=http%3A%2F%2Fwww.johnsonfistel.com%2F&amp;a=http%3A%2F%2Fwww.johnsonfistel.com\" rel=\"nofollow noopener\">http:\/\/www.johnsonfistel.com<\/a><\/u>. Attorney advertising. Past results do not guarantee future outcomes.<\/p>\n<p>\n        <b>Contact:<\/b><br \/>\n        <br \/>\n        <span class=\"xn-person\">Johnson Fistel<\/span>, LLP<br \/><span class=\"xn-person\">Jim Baker<\/span>, <a target=\"_blank\" href=\"tel:6198144471\" rel=\"nofollow noopener\">619-814-4471<\/a><br \/><u><a target=\"_blank\" href=\"mailto:jimb@johnsonfistel.com\" rel=\"nofollow noopener\">jimb@johnsonfistel.com<\/a><\/u><\/p>\n<p>\n        <b>[<\/b><br \/>\n        <b><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3127250-1&amp;h=4027401743&amp;u=https%3A%2F%2Fwww.cognitoforms.com%2FJohnsonFistel%2FCanaanInc&amp;a=click+here+to+join+this+action\" rel=\"nofollow noopener\">click here to join this action<\/a>]<\/b>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH40765&amp;sd=2021-04-13\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/can-alert-did-you-lose-money-on-your-canaan-investment-contact-johnson-fistel-regarding-investigation-301267755.html\">http:\/\/www.prnewswire.com\/news-releases\/can-alert-did-you-lose-money-on-your-canaan-investment-contact-johnson-fistel-regarding-investigation-301267755.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Johnson Fistel<\/span>, LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH40765&amp;Transmission_Id=202104130913PR_NEWS_USPR_____PH40765&amp;DateId=20210413\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SAN DIEGO, April 13, 2021 \/PRNewswire\/ &#8212; Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Canaan Inc. (NASDAQ: CAN) (&#8220;Canaan&#8221; or the &#8220;Company&#8221;). On Monday, April 12, 2021, before the market opened, Canaan issued a press release disclosing its 4Q20 and FY20 financial results for the period ended December 31, 2020.\u00a0 Canaan generated $5.9 million in revenue in Q4 and $68.6 million for full-year 2020. Canaan&#8217;s 4Q20 sales had declined more than 93% year-over-year compared to its fourth-quarter fiscal year 2019. Following this news, Canaan shares plummeted, closing down 29.62% on April 12, 2021. Johnson Fistel&#8217;s\u00a0investigation seeks to determine whether\u00a0the Company issued false or misleading statements or failed to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/can-alert-did-you-lose-money-on-your-canaan-investment-contact-johnson-fistel-regarding-investigation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;(CAN) Alert: Did You Lose Money on Your Canaan Investment? Contact Johnson Fistel Regarding Investigation&#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-475647","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>(CAN) Alert: Did You Lose Money on Your Canaan Investment? Contact Johnson Fistel Regarding Investigation - 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\/can-alert-did-you-lose-money-on-your-canaan-investment-contact-johnson-fistel-regarding-investigation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"(CAN) Alert: Did You Lose Money on Your Canaan Investment? Contact Johnson Fistel Regarding Investigation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN DIEGO, April 13, 2021 \/PRNewswire\/ &#8212; Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Canaan Inc. (NASDAQ: CAN) (&#8220;Canaan&#8221; or the &#8220;Company&#8221;). On Monday, April 12, 2021, before the market opened, Canaan issued a press release disclosing its 4Q20 and FY20 financial results for the period ended December 31, 2020.\u00a0 Canaan generated $5.9 million in revenue in Q4 and $68.6 million for full-year 2020. Canaan&#8217;s 4Q20 sales had declined more than 93% year-over-year compared to its fourth-quarter fiscal year 2019. Following this news, Canaan shares plummeted, closing down 29.62% on April 12, 2021. Johnson Fistel&#8217;s\u00a0investigation seeks to determine whether\u00a0the Company issued false or misleading statements or failed to &hellip; Continue reading &quot;(CAN) Alert: Did You Lose Money on Your Canaan Investment? 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Contact Johnson Fistel Regarding Investigation - 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\/can-alert-did-you-lose-money-on-your-canaan-investment-contact-johnson-fistel-regarding-investigation\/","og_locale":"en_US","og_type":"article","og_title":"(CAN) Alert: Did You Lose Money on Your Canaan Investment? Contact Johnson Fistel Regarding Investigation - Market Newsdesk","og_description":"PR Newswire SAN DIEGO, April 13, 2021 \/PRNewswire\/ &#8212; Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Canaan Inc. (NASDAQ: CAN) (&#8220;Canaan&#8221; or the &#8220;Company&#8221;). On Monday, April 12, 2021, before the market opened, Canaan issued a press release disclosing its 4Q20 and FY20 financial results for the period ended December 31, 2020.\u00a0 Canaan generated $5.9 million in revenue in Q4 and $68.6 million for full-year 2020. Canaan&#8217;s 4Q20 sales had declined more than 93% year-over-year compared to its fourth-quarter fiscal year 2019. Following this news, Canaan shares plummeted, closing down 29.62% on April 12, 2021. Johnson Fistel&#8217;s\u00a0investigation seeks to determine whether\u00a0the Company issued false or misleading statements or failed to &hellip; Continue reading \"(CAN) Alert: Did You Lose Money on Your Canaan Investment? Contact Johnson Fistel Regarding Investigation\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/can-alert-did-you-lose-money-on-your-canaan-investment-contact-johnson-fistel-regarding-investigation\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-13T13:16:24+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH40765&amp;sd=2021-04-13","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/can-alert-did-you-lose-money-on-your-canaan-investment-contact-johnson-fistel-regarding-investigation\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/can-alert-did-you-lose-money-on-your-canaan-investment-contact-johnson-fistel-regarding-investigation\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"(CAN) Alert: Did You Lose Money on Your Canaan Investment? 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