LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired securities of Riot Blockchain, Inc. (“Riot” or the “Company”) (NASDAQ: RIOT) between November 13, 2017, and February 15, 2018, inclusive (the “Class Period”). Riot investors have until April 18, 2018 to file a lead plaintiff motion.
To obtain information or actively participate in the class action, please visit the Riot page on our website at www.glancylaw.com/case/riot-blockchain-inc. Investors that suffered losses on their Riot investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to email@example.com.
The complaint filed in this class action alleges that, the Company issued false and/or misleading statements and/or failed to disclose that: (1) Riot's principle executive offices were not in Colorado, but rather in Florida in the same location as a large, influential shareholder, Barry C. Honig, who had a previous working relationship with Defendant O'Rourke; (2) Riot never intended to hold its Annual General Meetings scheduled for December 28, 2017, and February 1, 2018; and (3) as a result, Defendants' statements about Riot's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
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If you purchased shares of Riot during the Class Period you may move the Court no later than April 18, 2018 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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