Summary:
SMK Law is lead counsel in a class action seeking compensation on behalf of shareholders who suffered losses in the secondary markets as a result of Galaxy Digital’s misrepresentations in various filings and communications with shareholders. The defendants are Galaxy Digital and certain of its officers and directors. The claim asserts that the correction of the alleged misrepresentations led to a drop in market capitalization of over $1.5 billion.
Class Members
The Class consist of all persons and entities, wherever they may reside or be domiciled, who acquired Galaxy shares on the secondary market between May 17, 2021 and May 6, 2022 and held some of those shares on May 7, 2022. Certain individuals and entities are excluded based on their relationship with the defendants.
Key Documents and Developments
- December 8, 2022: Plaintiff has filed a statement of claim against defendants alleging violations of securities laws involving misrepresentations to investors.
- April 10, 2023: Plaintiff has filed an amended statement of claim against defendants alleging violations of securities laws involving misrepresentations to investors.
- August 28, 2023: Plaintiff has filed a second amended statement of claim against defendants alleging violations of securities laws involving misrepresentations to investors.
- May 5, 2025: Plaintiff has filed a fresh as amended claim alleging violations of securities laws involving misrepresentations to investors.
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