An investigation on behalf of current long term investors in Ebang International Holdings Inc. (NASDAQ:EBON) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:EBON stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/17/2021 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Ebang International Holdings Inc..
Investors who are current long term investors in Ebang International Holdings Inc. (NASDAQ: EBON) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: EBON stocks follows a lawsuit filed against Ebang International Holdings Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: EBON stocks, concerns whether certain Ebang International Holdings Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants failed to disclose to investors that the proceeds from Ebang's public offerings had been directed to an low yield, long term bonds to an underwriter and to related parties rather than used to develop the Company's operations, that Ebang's sales were declining and the Company had inflated reported sales, including through the sale of defective units, that Ebang's attempts to go public in Hong Kong had failed due to allegations of embezzling investor funds and inflated sales figures, that Ebang's purported cryptocurrency exchange was merely the purchase of an out-of-the-box crypto exchange, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Ebang International Holdings Inc. (NASDAQ: EBON) have certain options and should contact the Shareholders Foundation.
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