Investors Who Have Lost Money in Their Aterian, Inc. Investment Should Contact Block & Leviton, Who Is Investigating Potential Securities Fraud Claims Against Aterian

Boston, Massachusetts--(Newsfile Corp. - May 10, 2021) - Block & Leviton LLP announces that the firm is investigating whether Aterian, Inc. (NASDAQ: ATER) committed securities fraud. Investors who have lost money should contact the firm to learn more about how they might recover those losses. For more details, please visit https://www.blockleviton.com/cases/ater.

What is this all about?

This morning, short seller Culper Research issued a report on Aterian titled "Aterian (ATER): Bought from Felons & Fraudsters, Sold to You." In this report, Culper wrote that Aterian, formerly known as Mohawk Group Holdings, "has ties to convicted criminals and is promoting what [Culper] believe[s] is an overhyped 'AI' narrative and a string of garbage acquisitions to mask the failure of its already ill-conceived core business." For example, Culper wrote that Aterian purchased Healing Solutions, which Aterian "has now pitched . . . as a 'recurring revenue' essential oils business, but we think this is highly deceiving: the company's revenue growth came from hand sanitizer sales starting in June 2020," representing "COVID-driven business that is never coming back."

Who is eligible?

Aterian shares are down approximately 15% in intraday trading on May 4, 2021, and are down by well over 50% from their February 2021 high trading price of $48.99 per share. Investors who have lost money on their Aterian investment - whether or not they have sold that investment - are potentially eligible and should contact Block & Leviton to learn more.

What is Block & Leviton doing?

Block & Leviton is considering filing a securities class action lawsuit to attempt to recover losses on behalf of investors who have lost money.

What should you do next?

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.

Why should you contact Block & Leviton?

Many law firms have issued releases about this matter; many of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.

This notice may constitute attorney advertising.

CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83267