{"id":501434,"date":"2021-06-07T16:03:15","date_gmt":"2021-06-07T20:03:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-filed-against-canaan-inc\/"},"modified":"2021-06-07T16:03:15","modified_gmt":"2021-06-07T20:03:15","slug":"investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-filed-against-canaan-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-filed-against-canaan-inc\/","title":{"rendered":"Investor Reminder: Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Canaan Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">RADNOR, Pa., June  07, 2021  (GLOBE NEWSWIRE) &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan Inc. (NASDAQ: CAN) (\u201cCanaan\u201d) on behalf of those who purchased or acquired Canaan American Depositary Receipts (\u201cADRs\u201d) <strong><em>between February 10, 2021 and April 9, 2021<\/em><\/strong>, inclusive (the \u201cClass Period\u201d).<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Lead Plaintiff Deadline: <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em><br \/>\n            <u>June 14, 2021<\/u><br \/>\n          <\/em><br \/>\n        <\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:9%;width:9%;min-width:9%;text-align: left;vertical-align: middle;vertical-align: top\">\n            <em><br \/>\n              <strong>Website:<\/strong><br \/>\n            <\/em>\n          <\/td>\n<td style=\"max-width:91%;width:91%;min-width:91%;text-align: left;vertical-align: middle;vertical-align: top\">\n            <a href=\"https:\/\/www.ktmc.com\/canaan-inc-class-action-lawsuit?utm_source=PR&amp;utm_medium=Link&amp;utm_campaign=canaan\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.ktmc.com\/canaan-inc-class-action-lawsuit?utm_source=PR&amp;utm_medium=Link&amp;utm_campaign=canaan<\/a>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\n            <strong><br \/>\n              <em>Contact:<\/em>\u00a0<\/strong>\n          <\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\n            <strong>James Maro, Esq. (484) 270-1453<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\n            <strong>Adrienne Bell, Esq. (484) 270-1435<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\n            <strong>Toll free (844) 887-9500<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">Canaan designs, manufactures and sells bitcoin mining machines, primarily in the Peoples Republic of China.<\/p>\n<p align=\"justify\">The complaint alleges that, throughout the Class Period, the defendants concealed from the investing public that: (1) Canaan had experienced significant ongoing supply chain disruptions during the fourth quarter 2020; (2) the introduction of Canaan\u2019s next-generation A12 series bitcoin mining machines had cannibalized sales of the older product offerings during the fourth quarter 2020; (3) as a result of the foregoing, Canaan\u2019s fourth quarter 2020 sales and sales revenues had declined dramatically; and (4) as a result of the foregoing, Canaan was not on track to achieve the strong financial prospects it had led the market to believe.<\/p>\n<p align=\"justify\">Canaan investors may, <strong><em><u>no later than June 14, 2021<\/u><\/em><\/strong>, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer &amp; Check, LLP or other counsel, or may choose to do nothing and remain an absent class member.\u00a0 A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.\u00a0 In order to be appointed as a lead plaintiff, the Court must determine that the class member\u2019s claim is typical of the claims of other class members, and that the class member will adequately represent the class.\u00a0 Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.<\/p>\n<p align=\"justify\">Kessler Topaz Meltzer &amp; Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer &amp; Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. \u00a0The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).\u00a0 The complaint in this action was not filed by Kessler Topaz Meltzer &amp; Check, LLP. For more information about Kessler Topaz Meltzer &amp; Check, LLP please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rbZqosdNyCE8KSvA_7NRP_rjoPWCYG5wW8llybiF1yp4icN4aQ5Zb2k9txk34VRwzkPm3XmIkvZuE6V3BRwxKQ==\" rel=\"nofollow noopener\" target=\"_blank\">www.ktmc.com<\/a>.<\/p>\n<p>CONTACT:<\/p>\n<p>Kessler Topaz Meltzer &amp; Check, LLP<br \/>James Maro, Jr., Esq.<br \/>Adrienne Bell, Esq.<br \/>280 King of Prussia Road<br \/>Radnor, PA 19087<br \/>(844) 887-9500 (toll free)<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=maIJD9mncxzQ8A0tXMgqMX30VVz4dhriEGQZCI-No-1HCriXaA31dWAK7K2CmutaGz1oGP3QuHtiS6QFAIPcEA==\" rel=\"nofollow noopener\" target=\"_blank\">info@ktmc.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0OTIzOSM0MjI4MTg3IzIwMTkzMTI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/1e124fbd-4ced-4b8e-b118-ea31128fbb46\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RADNOR, Pa., June 07, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan Inc. (NASDAQ: CAN) (\u201cCanaan\u201d) on behalf of those who purchased or acquired Canaan American Depositary Receipts (\u201cADRs\u201d) between February 10, 2021 and April 9, 2021, inclusive (the \u201cClass Period\u201d). Lead Plaintiff Deadline: June 14, 2021 Website: https:\/\/www.ktmc.com\/canaan-inc-class-action-lawsuit?utm_source=PR&amp;utm_medium=Link&amp;utm_campaign=canaan \u00a0 \u00a0 Contact:\u00a0 James Maro, Esq. (484) 270-1453 \u00a0 Adrienne Bell, Esq. (484) 270-1435 \u00a0 Toll free (844) 887-9500 Canaan designs, manufactures and sells bitcoin mining machines, primarily in the Peoples Republic of China. The complaint alleges that, throughout &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-filed-against-canaan-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Investor Reminder: Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Canaan Inc.&#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-501434","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>Investor Reminder: Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Canaan Inc. - 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\/investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-filed-against-canaan-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investor Reminder: Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Canaan Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RADNOR, Pa., June 07, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan Inc. (NASDAQ: CAN) (\u201cCanaan\u201d) on behalf of those who purchased or acquired Canaan American Depositary Receipts (\u201cADRs\u201d) between February 10, 2021 and April 9, 2021, inclusive (the \u201cClass Period\u201d). Lead Plaintiff Deadline: June 14, 2021 Website: https:\/\/www.ktmc.com\/canaan-inc-class-action-lawsuit?utm_source=PR&amp;utm_medium=Link&amp;utm_campaign=canaan \u00a0 \u00a0 Contact:\u00a0 James Maro, Esq. (484) 270-1453 \u00a0 Adrienne Bell, Esq. (484) 270-1435 \u00a0 Toll free (844) 887-9500 Canaan designs, manufactures and sells bitcoin mining machines, primarily in the Peoples Republic of China. The complaint alleges that, throughout &hellip; Continue reading &quot;Investor Reminder: Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Canaan Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-filed-against-canaan-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-07T20:03:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0OTIzOSM0MjI4MTg3IzIwMTkzMTI=\" \/>\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\\\/investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-filed-against-canaan-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-filed-against-canaan-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Investor Reminder: Kessler Topaz Meltzer &amp; 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Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Canaan Inc. - 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\/investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-filed-against-canaan-inc\/","og_locale":"en_US","og_type":"article","og_title":"Investor Reminder: Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Canaan Inc. - Market Newsdesk","og_description":"RADNOR, Pa., June 07, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canaan Inc. (NASDAQ: CAN) (\u201cCanaan\u201d) on behalf of those who purchased or acquired Canaan American Depositary Receipts (\u201cADRs\u201d) between February 10, 2021 and April 9, 2021, inclusive (the \u201cClass Period\u201d). Lead Plaintiff Deadline: June 14, 2021 Website: https:\/\/www.ktmc.com\/canaan-inc-class-action-lawsuit?utm_source=PR&amp;utm_medium=Link&amp;utm_campaign=canaan \u00a0 \u00a0 Contact:\u00a0 James Maro, Esq. (484) 270-1453 \u00a0 Adrienne Bell, Esq. (484) 270-1435 \u00a0 Toll free (844) 887-9500 Canaan designs, manufactures and sells bitcoin mining machines, primarily in the Peoples Republic of China. The complaint alleges that, throughout &hellip; Continue reading \"Investor Reminder: Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Canaan Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-filed-against-canaan-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-07T20:03:15+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0OTIzOSM0MjI4MTg3IzIwMTkzMTI=","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\/investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-filed-against-canaan-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-filed-against-canaan-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Investor Reminder: Kessler Topaz Meltzer &amp; 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