NEW YORK, April 28, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits may be filed on behalf of shareholders of Marathon Digital Holdings, Inc. MARAGWG Holdings, Inc. GWGHQand Target Corporation TGT. Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.
Marathon Digital Holdings, Inc. MARA
Class period: May 10, 2021 – February 28, 2023
Lead Plaintiff Deadline: May 30, 2023
Throughout the class period, the defendants made materially false and misleading statements about the Company’s business, operations and prospects. In particular, the Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company overstated the effectiveness of its disclosure controls and procedures and its internal control over financial reporting; (ii) as a result, the Company’s sales and cost of sales during the Class Period were materially misreported; (iii) the foregoing, if known, would be likely to have a material adverse effect on the Company’s financial condition; and (iv) as a result, the Company’s public statements were, at all relevant times, materially false and misleading.
On February 28, 2023, Marathon issued a press release announc[ing] . . . that it canceled its fourth quarter and fiscal 2022 webcast and conference call originally scheduled for today, February 28, 2023 at 4:30 p.m. Eastern Time and will postpone the release of its corresponding financial results for the day announced Marathon announced that it had received a letter from the SEC alleging accounting errors in the Company’s previously released financial statements. The Company informed investors that the “statements in the Company’s Annual Report on Form 10-K for the 2021 and previously issued unaudited…
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