#United States #Class Action #Los Angeles #Schall Law Firm #Bakkt Holdings

Investors Alert: Bakkt Holdings Class Action Lawsuit

On May 7, 2025, the Schall Law Firm, a prominent national shareholder rights litigation firm, issued a crucial reminder for investors to take action regarding a class action lawsuit against Bakkt Holdings, Inc. (NYSE: BKKT). This notification specifically targets individuals who purchased shares during a specified period, between March 25, 2024, and March 17, 2025.

Background of the Lawsuit

The lawsuit is based on allegations that Bakkt Holdings violation of federal securities laws, collectively under sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Rule 10b-5 established by the U.S. Securities and Exchange Commission (SEC). These rules protect investors against deceitful practices by companies listed on stock exchanges.

The firm encourages anyone who has experienced financial losses due to their investments in Bakkt to reach out before the deadline of June 2, 2025. Taking prompt action can be beneficial, as participating in this lawsuit may present a means to recover losses incurred.

Key Allegations

The complaint states that Bakkt was misleading in its public communications regarding the stability of its cryptocurrency operations and the diversity of its revenue sources. It was noted that the company failed to disclose its heavy reliance on a contractual agreement with Webull for the majority of its crypto revenues. This omission has led to significant financial repercussions for shareholders once the details of the company's true financial state became public.

Moreover, the suit suggests that Bakkt misled investors regarding its ability to manage vital relationships with key clients, ultimately resulting in severe losses when the truth emerged. Investors in turn were left to grapple with the fall in share value and the negative implications for their portfolios.

What Investors Should Do

If you were a shareholder during the specified class period and incurred losses, this is an opportunity to take action. Interested parties are advised to promptly contact Brian Schall of the Schall Law Firm to discuss their rights in detail. They can reach out via phone at 310-301-3335 or visit the firm’s website at www.schallfirm.com for additional information and assistance.

Additional Considerations

It’s important to note that the class has not yet been certified, which means that without official certification, participants do not currently have legal representation. This aspect emphasizes the urgency for affected investors to respond promptly to ensure their rights are protected during the course of this legal matter.

The Schall Law Firm specializes in securities class action lawsuits, representing investors worldwide and working to uphold their rights. The firm highlights that the attorney-client privilege and confidentiality agreements are maintained throughout the legal process.

For individuals wishing to participate or seek more information regarding the class action lawsuit against Bakkt Holdings, email communication is also welcomed at [email protected].

Conclusion

As the legal landscape continues to evolve for investors regarding litigation against Bakkt Holdings, those affected should not hesitate in seeking potential recourse through the Schall Law Firm. The outcome of this case could be significant for those who endured financial losses due to the company's alleged securities fraud.

Investors must stay informed and proactive, particularly as the deadline draws near, ensuring their voices and financial interests are represented adequately in the upcoming legal proceedings.