An international law firm brings a Class Action against strategy – formerly Micro Strategy – and its founder, Michael Saylor.
According to a new press releasePomerantz LLP announces a Class Action right case against the Treasury Firm of Bitcoin (BTC).
Pomerantz says that the lawsuit on behalf of everyone is who acquired strategic effects between April 30, 2024 and 4 April 2025, and claims that strategy has made “material false and misleading statements” about its profitability by leaving critical information away from its disclosures.
Says the press release:
“The complaint claims that during the entire class period during the class period made false and misleading statements with regard to the activities, activities and prospects of strategy. Losing strategy could acknowledge about the value of its digital assets after the approval of ASU 2023-08, were underestimated;
According to the announcement, Strategy announced a non -realized loss of $ 5.91 billion earlier this month with the US Securities and Exchange Commission (SEC) after using updated accounting methods this year, after previously used another model.
After the SEC entering, the strategy warned that they cannot ‘recover’ ‘profitable’ in future periods.
According to Bitcointreasuries.net, Strategy has 568,840 BTC worth more than $ 59.8 billion, and announced Another large purchase of coins on the same day that the lawsuit was launched.
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