Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Ebang International Holdings (EBON) Investigation

ACCESSWIRE

Tue, Apr 6, 2021, 1:35 PM2 min read

In this article:

NEW YORK, NY / ACCESSWIRE / April 6, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ebang International Holdings ("Ebang" or "the Company") (NASDAQ:EBON). Investors who purchased Ebang securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/ebon.

The investigation concerns whether Ebang and certain of its officers and/or directors have violated federal securities laws.

On April 6, 2021, Hindenburg Research ("Hindenburg") published a report on Ebang, alleging that the Company used the proceeds from recent stock offerings to funnel money to insiders and "questionable counterparties." According to the Hindenburg report, Ebang raised $21 million in November 2020, claiming that the proceeds would be allocated "primarily for development." The Hindenburg report alleges that $21 million was in fact directed to repay related-party loans to a relative of the Company's Chairman and Chief Executive Officer Dong Hu. The Hindenburg report also noted that EBang's earlier efforts to go public on the Hong Kong Stock Exchange failed due to widespread media coverage of its relationship with Yindou, a massive Chinese peer-to-peer online lending scheme that defrauded 20,000 retail investors in 2018, with $655 million "vanish[ing] into thin air." On this news, Ebang's stock price fell sharply on April 6, 2021.

If you are aware of any facts relating to this investigation, or purchased Ebang shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/ebon. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

View source version on accesswire.com:
https://www.accesswire.com/639165/Bronstein-Gewirtz-Grossman-LLC-Notifies-Investors-of-Ebang-International-Holdings-EBON-Investigation

Biden Promised IRS Funding Wouldn't Increase Audits For Regular Americans As IRS Audits Poorest Americans 5X More Often Than Others
Once it was announced that the IRS would receive $80 billion in additional funding as part of the Inflation Reduction Act, the Biden Administration sought to assure regular Americans that these funds would not make them more likely to get audited by the agency. Treasury Secretary Jannet Yellen said that individuals and small businesses making under $400,000 a year would not see audit rates increase. A recent White House press release highlighted how much of the funds are "dedicated to closing th
Benzinga•1d ago
DJT Stock Jumps. The Truth Social Owner Is Showing Stockholders How to Block Short Sellers.
An FAQ on the Truth Social owner’s website gave stockholders multiple ways to avoid their shares being lent to short sellers.
Barrons.com•2h ago
The Most Active Stock Trader in Congress Is Buying Shares of This Magnificent Stock-Split Stock
Wall Street's most-prominent stock-split stock of 2024 has been purchased on three separate occasions by a lawmaker who completed over 4,200 trades last year.
Motley Fool•9h ago
My RMDs Start Soon So I Want to Convert $900k to a Roth, but I'm Getting Conflicting Info About Having to Wait 5 Years to Use the Money
People with Roth IRAs generally have to wait five years before withdrawing earnings from their account. But the devil is in the details, and for this particular rule, getting those details can be surprisingly difficult. For starters, the IRS has three different five-year rules that apply to Roth IRAs. One of them, the conversion rule, […] The post My RMDs Start Soon So I Want to Convert $900k to a Roth, but I'm Getting Conflicting Info About Having to Wait 5 Years to Use the Money appeared first
SmartAsset•5h ago
4 Members of Congress Generated Triple-Digit Returns in the Stock Market Last Year: These Are the 3 Stocks They Bought
These members of Congress delivered greater returns than Warren Buffett in 2023.
Motley Fool•7h ago
The Fed’s probably going to hold rates steady for longer than expected. But even when that awaited rate cut comes, it may not be all that cathartic
Federal Reserve Chair Jerome Powell earlier this week said that inflation’s proving sticky and that “recent data have clearly not given us greater confidence.”
Fortune•6h ago
Lithium Americas Plunges After Shares Sold at Steep Discount
(Bloomberg) -- Lithium Americas Corp.’s stock plunged the most on record after agreeing to sell 55 million shares at a deep discount.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsShares of the lithium explorer fell as much as 27% to $4.82 as of 9:31 a.m. in New Y
Bloomberg•4h ago
Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract
(Bloomberg) -- Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government and military with AI and cloud services.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to De
Bloomberg•4h ago
$93 Billion Real Estate Giant Is Betting The Market Is About To Hit Rock Bottom
Successful real estate investors have long followed the adage: When there is blood in the street, buy property. Historically, this approach has yielded dividends, and it explains the mindset behind a new venture from Hines, a real estate giant with over $93 billion in assets under management. Hines recently announced a new platform called Hines Private Wealth Solutions that seeks to capitalize on the recent troubles in the real estate industry. The management at Hines has been carefully watching
Benzinga•2h ago
4 Oil Pipeline Stocks to Gain From the Prospering Industry
Since midstream operations have lower exposure to volatility in commodity prices, the outlook for the Zacks Oil and Gas - Production & Pipelines industry is bullish. Kinder Morgan (KMI), Williams Companies (WMB), MPLX and Ultrapar (UGP) are the frontrunners in the industry.
Zacks•5h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Ebang International Holdings (EBON) Investigation

Recommended Stories

Biden Promised IRS Funding Wouldn't Increase Audits For Regular Americans As IRS Audits Poorest Americans 5X More Often Than Others

DJT Stock Jumps. The Truth Social Owner Is Showing Stockholders How to Block Short Sellers.

The Most Active Stock Trader in Congress Is Buying Shares of This Magnificent Stock-Split Stock

My RMDs Start Soon So I Want to Convert $900k to a Roth, but I'm Getting Conflicting Info About Having to Wait 5 Years to Use the Money

4 Members of Congress Generated Triple-Digit Returns in the Stock Market Last Year: These Are the 3 Stocks They Bought

The Fed’s probably going to hold rates steady for longer than expected. But even when that awaited rate cut comes, it may not be all that cathartic

Lithium Americas Plunges After Shares Sold at Steep Discount

Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract

$93 Billion Real Estate Giant Is Betting The Market Is About To Hit Rock Bottom

4 Oil Pipeline Stocks to Gain From the Prospering Industry