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Stock impact report

CAN SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds of Class Action Against Canaan Inc. and Encourages Investors to Contact the Firm

Canaan Inc. - American Depositary Shares (CAN) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Canaan Inc. (“Canaan” or the Company”) (NASDAQ: CAN) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Canaan securities pursuant and/or traceable to the Company’s initial public offering commenced on or about November 20, 2019. Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/can.This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933. The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the purported "strategic cooperation" was actually a transaction with a related party; (2) the company’s financial health was worse than what was actually reported; (3) the company had Show less Read more
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