Investors’ Securities Claims Against Bitcoin Mining Company Survive Dismissal Bid

Mealey's (January 9, 2023, 1:27 PM EST) -- NEW YORK — Dismissal of federal securities law claims in a shareholder lawsuit against a company and two of its senior executives alleging that the defendants misrepresented the company’s transition from an alternative energy and software complaint to a Bitcoin mining operation is not warranted because the shareholders sufficiently pleaded the elements of their claims, a federal judge in New York ruled....