Core Viewpoint - A shareholder class action lawsuit has been filed against DeFi Technologies Inc. alleging that the company made materially false and misleading statements regarding its business operations and prospects [1] Summary by Relevant Sections Allegations of Misconduct - The lawsuit claims that DeFi Technologies faced delays in executing its DeFi arbitrage strategy, which was a key revenue driver for the company [1] - It is alleged that the company understated the competition it faced from other decentralized asset trading (DAT) companies, impacting its ability to execute its strategy [1] - The lawsuit suggests that due to these issues, DeFi Technologies is unlikely to meet its previously issued revenue guidance for fiscal year 2025 [1] - Defendants are accused of downplaying the negative impact of these issues on the company's business and financial results [1] - As a result, the public statements made by the defendants are claimed to be materially false and misleading [1]
INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of DeFi Technologies Inc. (DEFT) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm