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Riot Blockchain, Inc. (RIOT)

NASDAQ:RIOT

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Riot Blockchain, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Riot Blockchain, Inc. (“Riot Blockchain” or the “Company”) (NASDAQ:RIOT) of the April 18, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Riot Blockchain stock or options between October 4, 2017 and February 15, 2018 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the District of Colorado on behalf of all those who purchased Riot Blockchain securities between October 4, 2017 and February 15, 2018 (the “Class Period”).  The case, Greenawalt v. Riot Blockchain, Inc. et al, No. 18-cv-00440 was filed on February 22, 2018.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose the correct address of the Company’s principle offices.

Specifically, on February 16, 2018, CNBC published an article titled “CNBC investigates public company that changed its name to Riot Blockchain and saw its shares rocket” detailing the Company’s sudden adjournment of its annual shareholder meeting, claiming that the Company’s true location is in Florida instead of Colorado, and exploring the connections between O’Rourke and a principal investor, Barry Honig.

After the article was published, Riot Blockchain’s share price fell from $17.20 per share on February 15, 2018 to a closing price of $11.46 on February 16, 2018 —a $5.74 or a 33.37% drop.

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  • Case:
    Riot Blockchain, Inc. (RIOT)
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Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 02/20/2018

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