Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, May 28, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Marathon Digital Holdings, Inc. (“Marathon” or the “Company”) (NASDAQ: MARA) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Marathon investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
Marathon released a statement on February 28, 2023, stating that the webcast and conference call scheduled for 4:30 p.m. Eastern time on the same day to announce the financial results for the fourth quarter and fiscal year 2022 had been canceled. The company also revealed that its financial results publication would be postponed. This announcement came after Marathon received a comment letter from the Corporation Finance Staff of the U.S. Securities and Exchange Commission on Feb. 22 regarding accounting matters. As a result, Marathon's audit committee concluded that the audited financial statements in its Form 10-K for 2021 and unaudited statements for interim periods in several quarterly reports are no longer reliable.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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