{"id":479025,"date":"2021-04-20T16:03:18","date_gmt":"2021-04-20T20:03:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-against-ebang-nasdaq-ebon-investors-may-be-able-to-recover-losses-and-should-contact-block-leviton-llp-2\/"},"modified":"2021-04-20T16:03:18","modified_gmt":"2021-04-20T20:03:18","slug":"lawsuit-filed-against-ebang-nasdaq-ebon-investors-may-be-able-to-recover-losses-and-should-contact-block-leviton-llp-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-against-ebang-nasdaq-ebon-investors-may-be-able-to-recover-losses-and-should-contact-block-leviton-llp-2\/","title":{"rendered":"LAWSUIT FILED AGAINST EBANG (NASDAQ: EBON): Investors May Be Able To Recover Losses And Should Contact Block &amp; Leviton LLP"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">BOSTON, April  20, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Q-w_-cUO3_aeII6_8qebf3XMEY5pwLYMrDN_ohnGuaj980Jqpcmr-WRr-46CZ7Or9IKoV9kSjOmWe6unwGHfYLXHi51HyrlN9UWKN9pciKc=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Block &amp; Leviton LLP<\/u><\/a> announces that a lawsuit has been filed against Ebang International Holdings (NASDAQ:EBON) for violations of the federal securities laws. \u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YLZ7QLbiJXQ_2CjWvg_k311pJ8fkrD-UBb6VW2jsMlLDdnGSAmIn-am7yzPMg9FYq5AyCi13_sg3AVRISYreya_bglZwIq0LHeuDWAJvW-zr3sK1s-dWtzj70n8994ZPgYh1Rskl5M9VL2SRtF0QcJK4eDxInrYDycy8jD3Mc1U=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Investors who have lost money should contact the firm<\/u><\/a> to learn more about how they might recover those losses. For more details, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BtXS0QyCY25cBPPiVcinynjQYZaCnP8eSwggNED2bkhMOPD8-50lFI5ADIuC_JqZyZLhpdg9e_x5qb1TYFCFqnKTvR4Hynu2ntDXZpvM_QWdIecl3lLsmia6qsrnSlkOLhZvk-8KKhHwqIPgTdnHHg==\" rel=\"nofollow noopener\" target=\"_blank\"><u>https:\/\/www.blockleviton.com\/cases\/ebon<\/u><\/a>.<\/p>\n<p align=\"left\">\n        <strong>What is this all about?<\/strong><br \/>\n        <br \/>On April 6, 2021, analyst Hindenburg Research published a scathing report on the Chinese cryptocurrency company, alleging that the company used the proceeds from four recent IPOs to funnel money to insiders and \u201cquestionable counterparties.\u201d According to the report, Ebang raised $21 million in November 2020, claiming the proceeds would go \u201cprimarily for development.\u201d The report alleges that $21 million was directed to repay related-party loans to a relative of the company\u2019s Chairman\/CEO Dong Hu. The report also noted that Ebang\u2019s earlier efforts to go public on the Hong Kong Stock Exchange failed due to widespread media coverage of its relationship with Yindou, a massive Chinese peer-to-peer online lending scheme that defrauded 20,000 retail investors in 2018, with $655 million \u201cvanish(ing) into thin air\u201d. On this news, Ebang shares dropped 9.3% in premarket trading. A federal securities fraud lawsuit was filed against Ebang on April 8, 2021 in New York Southern District Court.<\/p>\n<p align=\"left\">\n        <strong>Who is eligible?<\/strong><br \/>\n        <br \/>Anyone who purchased Ebang shares between June 26, 2020 and April 5, 2021 and has now lost money as a result of the publication of this report may be eligible, whether or not they have sold their investment. <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YLZ7QLbiJXQ_2CjWvg_k3xq-TnNM8eiUTX0tVsa_hFy5IAGiuqQUBPaOFPmXZv94masAyfK-8LOcaxcQPsuBdRknBnjVkg2xyaNViPOVNmxpP5hXCUpxiVfzQnmS0hhyZn5y38FWXYJV8z-mHp779TvnF-ZXHuhgg1mr4ThFUK8=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Investors should contact Block &amp; Leviton to learn more.<\/u><\/a><\/p>\n<p align=\"left\">\n        <strong>What is Block &amp; Leviton doing?<\/strong><br \/>\n        <br \/>Block &amp; Leviton is pursuing securities class action litigation to attempt to recover losses on behalf of investors who have lost money.<\/p>\n<p align=\"left\">\n        <strong>What should you do next?<\/strong><br \/>\n        <br \/>If you&#8217;ve lost money on your investment, you should\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ab-oXdist3FFdvvn8PP9n7MAhcBw7sVSZC96jkGD0TR53aRO4J_Dgul9BmkqtkUVBxm8U5Ik7QFORFcuYmRJSoZ6lpjJ4uJijJbp3c_IBNe16jMKRFsnNtiUuyqd7w_1HD83BMgwvvif4gkQvlFzGSSeM0RoD4VILiVzxAR9Ccc=\" rel=\"nofollow noopener\" target=\"_blank\"><u>contact Block &amp; Leviton to learn more via our case website,<\/u><\/a>\u00a0by email at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4w479sI6YFTu_m1rGHbwV7GS7v0rKYTbdEMGmGfoT1YuVHRHtzYZV2Jx6UJhhBCyU7tsR1l_JFfT1JSEgjYLtrrzctt9-OnI8N8-vivlyV4=\" rel=\"nofollow noopener\" target=\"_blank\"><u>cases@blockleviton.com<\/u><\/a>, or by phone at (617) 398-5600.<\/p>\n<p align=\"left\">\n        <strong>Why should you contact Block &amp; Leviton?<\/strong><br \/>\n        <br \/>Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block &amp; Leviton is a law firm that <u>actually litigates cases<\/u>. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation&#8217;s top institutional investors hire us to represent their interests. You can learn more about us at our website,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bCq8vbbLOza1irMwBZdkgm9mQhFgFXUh1DjG0uFtfv8gA0C77Gj3yBUTfYRy3mVc_fGn4CsYEgZxmcJOERF6NXzKhT1G138qIpV4qr52BoM=\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.blockleviton.com<\/u><\/a>, or call (617) 398-5600 or email\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4w479sI6YFTu_m1rGHbwV7GS7v0rKYTbdEMGmGfoT1bUvzSKGMzBf2yF4P1l9UUwUDAdzP4SpDN6JmfMp1lPTq0MsFOcMtrD1-TpPihKb4M=\" rel=\"nofollow noopener\" target=\"_blank\"><u>cases@blockleviton.com<\/u><\/a>\u00a0with any questions.<\/p>\n<p align=\"left\">This notice may constitute attorney advertising.<\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyMDQ2NCM0MTMwNjAwIzIwMTgxMTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/77e1f13e-f64e-4001-b378-10aec8bfcd85\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON, April 20, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP announces that a lawsuit has been filed against Ebang International Holdings (NASDAQ:EBON) for violations of the federal securities laws. \u00a0Investors who have lost money should contact the firm to learn more about how they might recover those losses. For more details, visit https:\/\/www.blockleviton.com\/cases\/ebon. What is this all about? On April 6, 2021, analyst Hindenburg Research published a scathing report on the Chinese cryptocurrency company, alleging that the company used the proceeds from four recent IPOs to funnel money to insiders and \u201cquestionable counterparties.\u201d According to the report, Ebang raised $21 million in November 2020, claiming the proceeds would go \u201cprimarily for development.\u201d The report alleges that $21 million was &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-against-ebang-nasdaq-ebon-investors-may-be-able-to-recover-losses-and-should-contact-block-leviton-llp-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LAWSUIT FILED AGAINST EBANG (NASDAQ: EBON): Investors May Be Able To Recover Losses And Should Contact Block &amp; Leviton LLP&#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-479025","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>LAWSUIT FILED AGAINST EBANG (NASDAQ: EBON): Investors May Be Able To Recover Losses And Should Contact Block &amp; Leviton LLP - 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\/lawsuit-filed-against-ebang-nasdaq-ebon-investors-may-be-able-to-recover-losses-and-should-contact-block-leviton-llp-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LAWSUIT FILED AGAINST EBANG (NASDAQ: EBON): Investors May Be Able To Recover Losses And Should Contact Block &amp; Leviton LLP - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOSTON, April 20, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP announces that a lawsuit has been filed against Ebang International Holdings (NASDAQ:EBON) for violations of the federal securities laws. \u00a0Investors who have lost money should contact the firm to learn more about how they might recover those losses. For more details, visit https:\/\/www.blockleviton.com\/cases\/ebon. What is this all about? On April 6, 2021, analyst Hindenburg Research published a scathing report on the Chinese cryptocurrency company, alleging that the company used the proceeds from four recent IPOs to funnel money to insiders and \u201cquestionable counterparties.\u201d According to the report, Ebang raised $21 million in November 2020, claiming the proceeds would go \u201cprimarily for development.\u201d The report alleges that $21 million was &hellip; Continue reading &quot;LAWSUIT FILED AGAINST EBANG (NASDAQ: EBON): Investors May Be Able To Recover Losses And Should Contact Block &amp; Leviton LLP&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-against-ebang-nasdaq-ebon-investors-may-be-able-to-recover-losses-and-should-contact-block-leviton-llp-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-20T20:03:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyMDQ2NCM0MTMwNjAwIzIwMTgxMTk=\" \/>\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=\"2 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\\\/lawsuit-filed-against-ebang-nasdaq-ebon-investors-may-be-able-to-recover-losses-and-should-contact-block-leviton-llp-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lawsuit-filed-against-ebang-nasdaq-ebon-investors-may-be-able-to-recover-losses-and-should-contact-block-leviton-llp-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"LAWSUIT FILED AGAINST EBANG (NASDAQ: EBON): Investors May Be Able To Recover Losses And Should Contact Block &amp; 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Leviton LLP - 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\/lawsuit-filed-against-ebang-nasdaq-ebon-investors-may-be-able-to-recover-losses-and-should-contact-block-leviton-llp-2\/","og_locale":"en_US","og_type":"article","og_title":"LAWSUIT FILED AGAINST EBANG (NASDAQ: EBON): Investors May Be Able To Recover Losses And Should Contact Block &amp; Leviton LLP - Market Newsdesk","og_description":"BOSTON, April 20, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP announces that a lawsuit has been filed against Ebang International Holdings (NASDAQ:EBON) for violations of the federal securities laws. \u00a0Investors who have lost money should contact the firm to learn more about how they might recover those losses. For more details, visit https:\/\/www.blockleviton.com\/cases\/ebon. What is this all about? On April 6, 2021, analyst Hindenburg Research published a scathing report on the Chinese cryptocurrency company, alleging that the company used the proceeds from four recent IPOs to funnel money to insiders and \u201cquestionable counterparties.\u201d According to the report, Ebang raised $21 million in November 2020, claiming the proceeds would go \u201cprimarily for development.\u201d The report alleges that $21 million was &hellip; Continue reading \"LAWSUIT FILED AGAINST EBANG (NASDAQ: EBON): Investors May Be Able To Recover Losses And Should Contact Block &amp; Leviton LLP\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-against-ebang-nasdaq-ebon-investors-may-be-able-to-recover-losses-and-should-contact-block-leviton-llp-2\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-20T20:03:18+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyMDQ2NCM0MTMwNjAwIzIwMTgxMTk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-against-ebang-nasdaq-ebon-investors-may-be-able-to-recover-losses-and-should-contact-block-leviton-llp-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-against-ebang-nasdaq-ebon-investors-may-be-able-to-recover-losses-and-should-contact-block-leviton-llp-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"LAWSUIT FILED AGAINST EBANG (NASDAQ: EBON): Investors May Be Able To Recover Losses And Should Contact Block &amp; 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