NEW
YORK, May 12, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Marathon Digital Holdings,
Inc. (NASDAQ: MARA).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/marathon-class-action-loss-submission-form/?id=39273&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Marathon between May 10,
2021 and February 28, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
May 30, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Marathon Digital Holdings, Inc.
issued materially false and/or misleading statements and/or failed
to disclose that: (i) the Company overstated the efficacy of its
disclosure controls and procedures and internal control over
financial reporting; (ii) as a result, the Company's revenues and
cost of revenue were materially misstated during the class period;
(iii) the foregoing, once revealed, was reasonably likely to have a
material negative impact on the Company's financial condition; and
(iv) as a result, the Company's public statements were materially
false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law