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SHAREHOLDER ALERT: Ebang International (EBON) Investigated for Possible Securities Laws Violations by Labaton Sucharow; Investors Should Contact the Firm

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NEW YORK, NY / ACCESSWIRE / April 6, 2021 / Labaton Sucharow LLP a national securities litigation firm, announces that it is investigating Ebang International Holdings Inc. (NASDAQ:EBON) for potential violations of the federal securities laws.

  • Hindenburg Research alleges that the Chinese cryptocurrency company is directing proceeds from its IPO last year into a "series of opaque deals with insiders and questionable counterparties."

  • The short report also claims that Ebonex reports what appears to be "fictitious" volumes.

On this news, shares are down over 20% on tremendous volume.

Labaton is investigating whether Ebang and certain of its executives may be liable for securities fraud. If you purchased or acquired shares or options/derivatives of Ebang and have questions about your legal rights or possess information relevant to this investigation, please contact David Schwartz at (800) 321-0476 or via email at dschwartz@labaton.com.

About the Firm

Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com.

Contact:

David J. Schwartz
(800) 321-0476
dschwartz@labaton.com

SOURCE: Labaton Sucharow LLP



View source version on accesswire.com:
https://www.accesswire.com/639133/SHAREHOLDER-ALERT-Ebang-International-EBON-Investigated-for-Possible-Securities-Laws-Violations-by-Labaton-Sucharow-Investors-Should-Contact-the-Firm