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Shareholder Alert: Glancy Prongay & Murray LLP Reminds Investors of the April 18, 2018 Deadline in the Class Action Lawsuit Against Riot Blockchain, Inc. (RIOT)

2018-04-16 15:19 ET - News Release

LOS ANGELES -- (Business Wire)

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the April 18, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Riot Blockchain, Inc. (“Riot” or the “Company”) (NASDAQ: RIOT) securities between November 13, 2017, and February 15, 2018, inclusive (the “Class Period”). Riot investors have until April 18, 2018 to file a lead plaintiff motion.

To obtain information and actively participate in the class action, please visit: www.glancylaw.com/case/riot-blockchain-inc.

Investors that suffered losses on their Riot investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to shareholders@glancylaw.com.

The complaint filed in this class action alleges that the Company issued false and/or misleading statements and/or failed to disclose that: (1) 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; (2) Riot never intended to hold its Annual General Meetings scheduled for December 28, 2017, and February 1, 2018; and (3) 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.

Follow us for updates on Twitter: twitter.com/GPM_LLP.

If you purchased shares of Riot, you may move the Court no later than April 18, 2018 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224

Source: Glancy Prongay & Murray LLP

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