Hut 8 Corp. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – HUT
NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in *Hut 8 Corp.* ("Hut 8" or the "Company") (NASDAQ: HUT) of a class action securities lawsuit.*CLASS DEFINITION: *The lawsuit seeks to recover losses on behalf of Hut 8 investors who were adversely affected by alleged securities fraud between November 9, 2023 and January 18, 2024. Follow the link below to get more information and be contacted by a member of our team:
https://zlk.com/pslra-1/hut-8-lawsuit-submission-form?prid=71899&wire=3
*HUT* investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
*CASE DETAILS: *The filed complaint alleges that defendants made false statements and/or concealed that: (1) one of the largest shareholders in U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp. (“USBTC”), one of the companies that merged to create Hub 8, is an undisclosed related party; (2) one of USBTC’s core assets has historically failed to provide energy and high-speed internet; (3) the profitability of certain USBTC assets were overstated; and (4) 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.
*WHAT'S NEXT? *If you suffered a loss in Hut 8 during the relevant time frame, you have until *April 8, 2024* to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
*NO COST TO YOU: *If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. *There is no cost or obligation to participate.*
*WHY LEVI & KORSINSKY: *Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
*CONTACT:*
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com