Investor Alert: Class Action Lawsuit Filed for Midnight Hub NFT Investors

On January 1, 2025, Bronstein, Gewirtz & Grossman, LLC, a prominent law firm based in New York, issued a notification to investors regarding a class action lawsuit. This lawsuit concerns the purchasers of ROOMS non-fungible tokens ("NFTs") and Digital Nomads NFTs, which were issued by Midnight Hub.

Understanding the Class Action Lawsuit

The legal action aims to address potential damages faced by individuals and entities who bought these NFTs during a specified timeframe. This timeline, referred to as the "Class Period," spans from January 15, 2023, to March 31, 2024. Investors who sustained losses during this period are encouraged to participate in the lawsuit by visiting Bronstein, Gewirtz & Grossman’s official website.

Details of the Complaint

The filed Complaint claims that throughout the Class Period, the statements made by the Defendants promoting the NFTs were misleading or false. It is alleged that when the NFTs were sold, the Defendants lacked any genuine plans to develop Midnight Hub's infrastructure or its various decentralized projects—such as Digital Nomads TV. Instead, it is suggested that their focus was primarily on profiting from the excitement surrounding the NFTs without providing any substantial groundwork for future developments.

Next Steps for Investors

For those interested in the legal proceedings, a class action lawsuit has already been initiated. Individuals wishing to review the Complaint can do so on the firm's website. If you have experienced a financial loss as a result of investing in ROOMS NFTs or Digital Nomads NFTs, you have until January 6, 2025, to request the Court to appoint you as the lead plaintiff. However, it is important to note that to share in any potential recovery, you do not need to be the lead plaintiff.

No Costs Involved

Bronstein, Gewirtz & Grossman operates on a contingency fee basis when representing investors in class action lawsuits. This means that they will only seek reimbursement for expenses and attorney fees if a successful recovery is achieved. Typically, such fees amount to a percentage of the total recovery.

Why Choose Bronstein, Gewirtz & Grossman

This law firm is nationally recognized for its commitment to representing investors in cases of securities fraud and shareholder derivative actions. Throughout its history, the firm has successfully recovered hundreds of millions of dollars for investors across the nation.

For further inquiries, interested parties may contact Bronstein, Gewirtz & Grossman, LLC directly.

lawsuit, NFTs, investors