Notice of Lead Plaintiff Deadline for Shareholders in the Canaan Inc. Securities Class Action Lawsuit
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)--Robbins Geller Rudman & Dowd LLP announces that the lead plaintiff motion deadline in the Canaan securities class action lawsuit is May 4, 2020. A securities class action lawsuit was filed in the District of Oregon charging Canaan Inc. (NASDAQ:CAN), certain of its officers and directors, and the underwriters of its November 20, 2019 initial public offering (“IPO”) with violations of the Securities Act of 1933. The case is captioned Lemieux v. Canaan Inc., No. 20-cv-356, and is assigned to Judge Michael W. Mosman.The Canaan securities class action lawsuit alleges that the Registration Statement for the IPO was materially false and misleading and failed to disclose to investors that: (1) the purported “strategic cooperation” between Canaan and Hangzhou Grandshores Weicheng Technology Co., Ltd. (“Grandshores”) was actually a related-party transaction; (2) Canaan’s financial health was worse than it had reported; (3) Canaan had removed numerous distributors
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CAN
News
- Canaan Inc. (NASDAQ: CAN) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.MarketBeat
- Canaan Inc (CAN) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Growth Amid ... [Yahoo! Finance]Yahoo! Finance
- Canaan (CAN) Reports Q3 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Canaan Inc. Reports Unaudited Third Quarter 2024 Financial ResultsPR Newswire
- Canaan Inc. Announces the Execution of a Securities Purchase AgreementPR Newswire
CAN
Earnings
- 11/20/24 - In-Line
CAN
Sec Filings
- 11/20/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/20/24 - Form 6-K
- CAN's page on the SEC website