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
Show less
Read more
Impact Snapshot
Event Time:
CAN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CAN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CAN alerts
High impacting Canaan Inc. - American Depositary Shares news events
Weekly update
A roundup of the hottest topics
CAN
News
- Canaan Announces Proposed Share Purchase by Management [Yahoo! Finance]Yahoo! Finance
- Canaan Announces Proposed Share Purchase by ManagementPR Newswire
- Canaan Makes Statement Regarding Shelf Registration Submission [Yahoo! Finance]Yahoo! Finance
- Canaan Makes Statement Regarding Shelf Registration SubmissionPR Newswire
- Canaan Makes Statement Regarding Shelf Registration SubmissionPR Newswire
CAN
Earnings
- 2/27/24 - In-Line
CAN
Sec Filings
- 4/22/24 - Form 6-K
- 4/17/24 - Form F-3
- 4/17/24 - Form 20-F
- CAN's page on the SEC website