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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 15, 2022 to file lead plaintiff applications in a securities class action lawsuit against Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. (NasdaqCM: MARA).
Marathon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On November 15, 2021, the Company disclosed that it had received a subpoena to produce documents and communications its Hardin, Montana data center facility and advised that “the SEC may be investigating whether or not there may have been any violations of the federal securities law.”
On this news, shares of Marathon fell $20.52 per share, or 27.03%, to close at $55.40 per share on November 15, 2021.
If you purchased shares of Marathon and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Schlatre v. Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. et al., No. 21-cv-02209.
Click here to read the first filed complaint.