Important Information for Investors: Class Action Lawsuit Filed Against Bakkt Holdings, Inc.
Los Angeles, CA – April 3, 2025 – The Schall Law Firm, a national shareholder rights litigation firm, alerts the general public and investors in Bakkt Holdings, Inc. (“Bakkt” or “the Company”) (NYSE: BKKT) of a class action lawsuit filed on behalf of shareholders who purchased the Company’s securities between March 25, 2024, and March 17, 2025, inclusive (the “Class Period”).
The complaint, filed in the United States District Court for the Southern District of New York, alleges that Bakkt Holdings, Inc. violated federal securities laws. Specifically, the complaint alleges that the Company made false and misleading statements and failed to disclose material information during the Class Period.
Background on Bakkt Holdings, Inc.
Bakkt Holdings, Inc. is a digital asset financing company that provides a platform for consumers and institutions to buy, sell, and store digital assets. The Company’s platform offers various services, including physically delivered futures contracts, options, and cash-settled contracts for Bitcoin and other cryptocurrencies.
Allegations of Securities Law Violations
The complaint alleges that Bakkt Holdings, Inc. misrepresented and concealed material information regarding the Company’s business, operations, and financial condition, including:
- Inadequate disclosures about the risks associated with the Company’s digital asset business and the regulatory environment in which it operates.
- Misrepresentations and omissions regarding the Company’s financial condition, including its revenue growth, expenses, and cash flows.
- Failing to disclose that the Company’s digital asset business was not yet profitable and that it was experiencing significant operating losses.
Effects on Individual Investors
If you purchased Bakkt Holdings, Inc. securities during the Class Period, you may be entitled to recover your losses, including damages and any out-of-pocket costs. You may also be able to hold Bakkt Holdings, Inc. accountable for its violations of federal securities laws.
To be eligible for these remedies, you must contact The Schall Law Firm before the lead plaintiff deadline of June 2, 2025.
Effects on the World
The class action lawsuit against Bakkt Holdings, Inc. highlights the importance of transparency and accurate disclosures in the digital asset industry. The allegations of securities law violations could lead to increased regulatory scrutiny of digital asset companies and their reporting practices.
Additionally, the lawsuit could have a negative impact on investor confidence in the digital asset market and could deter institutional investors from entering the space. It may also lead to increased volatility in the prices of digital assets, as investors reassess the risks associated with investing in this emerging industry.
Conclusion
The Schall Law Firm encourages investors who purchased Bakkt Holdings, Inc. securities during the Class Period to contact the firm before the lead plaintiff deadline to discuss their potential remedies. The lawsuit serves as a reminder of the importance of accurate and transparent reporting in the digital asset industry and could have far-reaching implications for the industry as a whole.
For more information, please contact The Schall Law Firm at 310-301-3335 or [email protected].
The Schall Law Firm represents investors worldwide and specializes in securities class action lawsuits and shareholder rights litigation. The firm’s goal is to ensure that all investors have access to the justice system and can recover losses in securities cases.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
The class action lawsuit against Bakkt Holdings, Inc. is just one example of the many securities lawsuits that have been filed in recent years. As the digital asset industry continues to grow and evolve, it is essential for investors to stay informed and protect their investments.
