LOS ANGELES, April 8, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Bakkt Holdings, Inc. ("Bakkt" or "the Company") (NYSE: BKKT)  for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 25, 2024 and March 17, 2025, inclusive (the "Class Period"), ar ...

SAN DIEGO, April 07, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Bakkt Holdings, Inc. (NYSE: BKKT) securities between March 25, 2024 and March 17, 2025. Bakkt is a technology company that builds software related to the selling, buying, and storage of cryptocurrency. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Ro ...

Core Viewpoint - A class action lawsuit has been initiated against Bakkt Holdings, Inc. on behalf of investors who suffered losses during the specified Class Period from March 25, 2024, to March 17, 2025, due to alleged misleading statements and failure to disclose critical information about the company's business operations and revenue sources [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit aims to recover losses for investors who acquired Bakkt securities during the Class Period [1]. - Investors wishing to act as lead plaintiffs must file a motion by June 2, 2025 [1]. Allegations Against Bakkt Holdings - The Complaint claims that Bakkt's management made materially false and misleading statements regarding the stability and diversity of its crypto services revenue [2]. - It is alleged that Bakkt's crypto services revenue was heavily reliant on a single contract with Webull, which was not disclosed [2]. - The Complaint also states that Bakkt misrepresented its ability to maintain key client relationships, leading to misleading positive statements about the company's prospects [2]. Johnson Fistel, PLLP Overview - Johnson Fistel, PLLP is a recognized law firm specializing in shareholder rights and securities class action lawsuits, with offices across multiple states [3]. - The firm has a history of representing both individual and institutional investors, including foreign investors in U.S. exchanges [3]. Achievements of Johnson Fistel, PLLP - In 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, having recovered approximately $90.725 million for clients in cases where they served as lead or co-lead counsel [4]. - This recognition highlights the firm's effectiveness in advocating for investors and marks the eighth time it has been acknowledged as a top plaintiffs' securities law firm in the U.S. [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Bakkt Holdings, Inc. due to significant losses suffered by investors following the termination of key contracts, which has led to a substantial decline in revenue and stock price [2][4][5]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who experienced losses exceeding $50,000 in Bakkt between March 25, 2024, and March 17, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Bakkt, with a deadline of June 2, 2025, for investors to seek the role of lead plaintiff [2][7]. Group 2: Company Financials and Revenue Impact - The complaint alleges that Bakkt misrepresented the stability and diversity of its crypto services revenue, which was heavily reliant on a single contract with Webull [4]. - Following the announcement of Webull's termination of its commercial agreement, Bakkt revealed that Webull accounted for 74% of its crypto services revenue, and 98% of its total revenue was derived from crypto services [5]. - The termination of contracts with Webull and Bank of America is expected to result in a 73% loss in top-line revenue going forward [5]. Group 3: Market Reaction - On March 18, 2025, Bakkt's share price fell by $3.50, or 27.3%, closing at $9.33 per share, following the news of the contract terminations [6].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Bakkt Holdings, Inc. securities between March 25, 2024, and March 17, 2025, due to alleged misleading statements and omissions regarding the company's revenue stability and client relationships [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Bakkt misrepresented the stability and diversity of its crypto services revenue and failed to disclose its substantial dependence on a single contract with Webull [5]. - The lawsuit alleges that Bakkt's positive statements about its business operations and prospects were materially misleading and lacked a reasonable basis, leading to investor damages when the true details emerged [5]. Group 2: Participation Information - Investors who purchased Bakkt securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact Phillip Kim, Esq. for more information [3][6]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4].

Core Viewpoint - A class action lawsuit has been filed against Bakkt Holdings, Inc. for alleged violations of federal securities laws during the specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for all individuals and entities that purchased Bakkt securities between March 25, 2024, and March 17, 2025 [2]. - The complaint alleges that Bakkt's executives made materially false and misleading statements regarding the company's business and operations [3]. - Specific allegations include misrepresentation of the stability of crypto services revenue, failure to disclose dependence on a single contract with Webull, and misrepresentation of the ability to maintain key client relationships [3]. Group 2: Next Steps - Investors who suffered losses in Bakkt have until June 2, 2025, to request to be appointed as lead plaintiff in the case [4]. - A copy of the complaint can be reviewed on the law firm's website [4]. Group 3: Legal Representation - The law firm operates on a contingency fee basis, meaning they will only seek reimbursement for expenses and fees if successful [5]. - Bronstein, Gewirtz & Grossman, LLC is recognized for representing investors in securities fraud class actions and has recovered significant amounts for investors [6].

Core Viewpoint - A class action lawsuit has been filed against Bakkt Holdings, Inc. for allegedly making materially false and misleading statements regarding its business operations and financial prospects during the specified Class Period [1][3]. Summary by Relevant Sections Class Action Details - The lawsuit is filed in the United States District Court for the Southern District of New York on behalf of all individuals and entities who purchased Bakkt securities between March 25, 2024, and March 17, 2025 [1]. - Investors have until June 2, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1]. Allegations Against Bakkt - The complaint alleges that Bakkt misrepresented the stability and diversity of its crypto services revenue [3]. - It is claimed that Bakkt's crypto services revenue was heavily reliant on a single contract with Webull, which was not disclosed [3]. - The company allegedly misrepresented its ability to maintain key client relationships, leading to misleading positive statements about its business and operations [3].

LOS ANGELES, April 3, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Bakkt Holdings, Inc. ("Bakkt" or "the Company") (NYSE: BKKT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 25, 2024 and March 17, 2025, inclusive (the "Class Period"), are ...

NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) securities between March 25, 2024 and March 17, 2025, inclusive (the “Class Period”). The Complaint alleges on March 17, 2025, after market close, the Company disclosed ...

ATLANTA, April 03, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Bakkt Holdings, Inc. (“Bakkt” or “the Company”) (NYSE: BKKT). The lawsuit alleges that Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts regarding Bakkt’s business, operations, and prospects, including allegations that: (1) Bakkt misrepresented the stability and/or diversity of its crypto services revenue; (2) the Company failed to disclose Bakkt ...