Trending...
- "The Mystery of Emma Thorn" Earns Nomination & Official Selection of the New Media Film Festival
- California: Governor Newsom announces appointments 3.10.2026
- California: Governor Newsom highlights mental health resources for veterans as Middle East conflict continues
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ: CAN) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Canaan announced fourth quarter 2020 and fiscal year 2020 financial results before the market opened on April 12, 2021. The Company disclosed $5.9 million in revenue in the fourth quarter and $68.6 million for full-year 2020. The Company's fourth quarter revenue represents a year-over-year decline of more than 93%. Based on this news, shares of Canaan dropped sharply, harming investors.
More on The Californer
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Canaan announced fourth quarter 2020 and fiscal year 2020 financial results before the market opened on April 12, 2021. The Company disclosed $5.9 million in revenue in the fourth quarter and $68.6 million for full-year 2020. The Company's fourth quarter revenue represents a year-over-year decline of more than 93%. Based on this news, shares of Canaan dropped sharply, harming investors.
More on The Californer
- Compliant Workspace announces partnership with Blackpoint Cyber
- City of Long Beach Issues a Heat Alert and Advises Residents to Take Precautions Against Heat
- Brass-SEO Drops Price to $35/Month While Adding New Features for Small Business SEO
- Michigan Homeowners Urged to Act on Rising Basement Waterproofing Needs Amid Severe Flood
- GreenSight Technologies partners with France's largest ITAD facility, Printerre Group, to exhibit at ITAD Europe, Europe's largest ITAD conference
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Filed Under: Business
0 Comments
Latest on The Californer
- Record Sales Growth After Strategic Acquisitions; New Distribution Agreements for Established Premium Cigar Supplier: Green Leaf Innovations $GRLF
- R2 Copilot Addresses Critical Privacy Issues as Enterprise AI Spending and Security Incidents Rise
- Geyser Data Announces Exclusive Value-Added Distributor in Brazil, Extreme Digital Solutions
- New Epstein Book Details Explosive New Factoids about Epstein-Trump
- Innovative Environmental Technologies Unveils New Website Featuring Free AI Tools for the Environmental Industry
- CCHR Warns: Psychiatric Diagnoses Without Biological Proof Now Used to Justify Euthanasia
- ISSE Services Named Awardee on $151B SHIELD Contract
- Connect Announces 2026 Class of Cool Companies Highlighting San Diego's Venture-Ready Startups
- Pervaziv AI Launches Cortex 3.0 - World's First Cross-Browser & Cross-IDE AI Coding & Security Agent
- Impact Filtration Appoints Alejandro Sturniolo as Head of Sustainability to Engineer High-Performance, Water-Positive Infrastructure
- Machine Vision Products adds Team A.T.E to its North American sales channel
- Recording Academy Member Joanna Pearl Honors Kim Cousins at 77th Annual Lake Elsinore Gala
- Twitch Streamer Caiuwus Emerges From "Streamer University" Spotlight With New Ambitions for 2026
- The Best Cartier Bracelet Dupes to Buy Right Now
- Xycota Biosciences Announces Nature Portfolio Publication Supporting Brain Repair Platform Targeting FTD and ALS
- Long Beach Parks, Recreation and Marine to Update Operating Hours and Programming at City Gyms
- Fabian Starr Announces "Back to the Arcade" Remix Album
- Attn: Book Critics, Poetry Lovers & Rock Stars: Help Rescue All these Great Poems from Obscurity
- Brainfyre Public Relations Introduces Program to Help Founders Build Media Readiness
- 106 Years Strong: The Liberty Group Celebrates a Century-Plus of Service and Unveils a Unified Family of Companies