Riot Blockchain Inc

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Case Summary
Company Name: Riot Blockchain Inc
Stock Symbol : NASDAQ: RIOT
Class Period Start: 11/13/2017
Class Period End: 02/15/2018
Lead Plaintiff motion: 04/18/2018
Date Filed: 02/17/2018
Type of Case: Securities Class Action
Court: U.S. District Court for the District of New Jersey
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the April 18, 2018 lead plaintiff deadline in a class action lawsuit filed against Riot Blockchain Inc (NASDAQ: RIOT) (“Riot” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Riot Blockchain Inc securities between November 13, 2017 and February 15, 2018, have until April 18, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Riot Blockchain Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that 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’Rouke; Riot never intended to hold its Annual General Meetings scheduled for December 28, 2017 and February 1, 2018; and 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.

On February 16, 2018, CNBC issued an investigative report examining issues within the Company, including allegations of insider selling, dilutive stock issuances, and the abrupt postponement of annual meetings.

On this news, NASDAQ: RIOT dropped from a close of $17.20 per share on February 15, 2018, to a close of $11.46 per share on February 16, 2018.

If you were negatively impacted by your investment in Riot Blockchain Inc securities between November 13, 2017 and February 15, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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