GlobeNewswire Inc | May 15, 2021 03:19PM EDT

May 15, 2021

SAN FRANCISCO, May 15, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Aterian, Inc. (NASDAQ: ATER) f/k/a Mohawk Group Holdings (MWK) investors with significant losses to submit your losses now. A securities fraud class action is pending and certain investors may have valuable claims.

Class Period: Dec. 1, 2020 May 3, 2021Lead Plaintiff Deadline: July 12, 2021Visit:www.hbsslaw.com/investor-fraud/ATERContact An Attorney Now:ATER@hbsslaw.com 844-916-0895

Aterian, Inc. (NASDAQ: ATER) Securities Fraud Class Action:

The complaint alleges that Aterian falsely touted its core business, recent acquisitions, and the functionality of AIMEE the companys purported artificial intelligence platform that allows users to manage products on online marketplaces.

In reality, (1) Aterians organic growth is plummeting, (2) its self-lauded acquisitions were overpayments for flawed assets from questionable sources, (3) its AIMEE is flawed and lacks customer interest, and (4) it uses rebates and pays for artificial reviews to pump up product offerings.

The truth emerged on May 4, 2021, when analyst Culper Research published a scathing report entitled Aterian (ATER): Bought from Felons & Fraudsters, Sold to You. Among other things, Culper accuses the company of having ties to convicted criminals, overhyping its AIMEE platform, and using garbage acquisitions to conceal its ill-conceived core business.

This news drove the price of Aterian shares crashing sharply lower on May 4, 2021.

Were focused on investors losses and proving Aterian misled investors about its acquisitions and the AIMEE platform, said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are an Aterian investor and have significant losses, or have knowledge that may assist the firms investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Aterian should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email ATER@hbsslaw.com.

About Hagens BermanHagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact: Reed Kathrein, 844-916-0895