Lead Plaintiff Deadline: June 14, 2021
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they concealed that due to ongoing supply chain disruptions and the introduction of the Company’s next-generation A12 series bitcoin mining machines – which had cannibalized sales of the older product offerings – Canaan’s 4Q20 sales had declined more than 93% year-over-year compared to its fourth quarter fiscal year 2019 (“4Q19”) sales and more than 93% quarter-over-quarter compared to its third quarter FY20 (“3Q20”) sales.
If you suffered a loss in Canaan during the relevant time frame, you have until June 14, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
In order to be included in the lawsuit, you must have incurred a loss on shares of Canaan purchased or acquired during the class period listed above.