An investigation on behalf of current long term investors in Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 05/05/2022 -- Certain directors of Marathon Digital Holdings, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in Marathon Digital Holdings, Inc. (NASDAQ: MARA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: MARA stocks follows a lawsuit filed against Marathon Digital Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in (NASDAQ: MARA stocks, concerns whether certain Marathon Digital Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that the Beowulf Joint Venture, as it related to the Hardin Facility, implicated potential regulatory violations, including U.S. securities law violations, that as a result, the Beowulf Joint Venture subjected Marathon to a heightened risk of regulatory scrutiny, that the foregoing was reasonably likely to have a material negative impact on the Company's business and commercial prospects, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Marathon Digital Holdings, Inc. (NASDAQ: MARA) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.