Kehoe Law Firm, P.C. is investigating potential securities fraud claims on behalf of investors of Bakkt Holdings, Inc. (“Bakkt” or “Bakkt Holdings”) (NYSE:BKKT).
Securities Class Action Lawsuit Filed
On April 2, 2025, a class action lawsuit alleging violations of the federal securities laws was filed against Bakkt Holdings in United States District Court, Southern District of New York (Case No. 1:25-cv-02753).
The securities class action lawsuit, pursuing claims under the Securities Exchange Act of 1934, was filed on behalf of investors who purchased or otherwise acquired Bakkt securities between March 25, 2024 and March 17, 2025, both dates inclusive (the “Class Period”).
Summary of Class Action Allegations
According to the class action complaint, throughout the Class Period, the Bakkt Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.
The Bakkt Defendants allegedly misrepresented the stability and/or diversity of its crypto services revenue; failed to disclose Bakkt’s crypto services revenue was substantially dependent on a single contract with Webull; and misrepresented its ability to maintain key client relationships.
Bakkt Investors May Have Legal Claims
Investors who acquired Bakkt Holdings securities during the Class Period are encouraged to complete Kehoe Law Firm’s Stockholder Information Request form or send us a message to contact an attorney to discuss the class action lawsuit and receive a free, no-obligation evaluation of potential legal claims.
Bakkt shareholders can also contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected].
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
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