HUT - HUT NEWS: Johnson Fistel Encourages Hut 8 Corp. Investors to Seek Counsel Before Lead Plaintiff Class Action Deadline | Benzinga
SAN DIEGO, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP notifies investors of Hut 8 Corp. (NASDAQ:HUT) that a securities class action lawsuit has been filed.
The Hut 8 class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) one of USBTC's largest shareholders is an undisclosed related party; (ii) USBTC's core asset has historically failed to provide energy and high-speed internet; and (iii) the profitability of certain USBTC assets were overstated. The Hut 8 class action lawsuit further alleges that on January 18, 2024, J Capital Research published a report which alleged, among other things, that Hut 8's merger with USBTC was premised on a number of alleged misstatements. On this news, the price of Hut 8 stock fell more than 23%, according to the complaint.
The lawsuit seeks to recover losses on behalf of investors ...