(CLSK) during the class period between Decemand January 14, 2021, contact Silver Law Group for a no-cost consultation at (800) 975-4345 or at ssilver. If you have losses from investing in CleanSpark, Inc. The suit alleges that CleanSpark misled investors as to the Company’s customer and contract figures and that several of CleanSpark’s recent acquisitions involved undisclosed related party transactions. The class action lawsuit concerns alleged violations of federal securities laws and seeks to recover damages for investors. District Court for the Southern District of New York. SAN DIEGO- ( BUSINESS WIRE )-Robbins Geller Rudman & Dowd LLP announces that a class action lawsuit has been filed in the Southern District of New York on behalf of purchasers of CleanSpark, Inc. If you purchased CleanSpark securities, and/or would like to discuss your legal rights and options please visit CleanSpark Shareholder Class Action Lawsuit or contact Matthew E. On January 14, 2021, analyst Culper Research published a report entitled “Cleanspark (CLSK): Back to the Trash Can.” In this report, Culper alleged that CleanSpark “is an insider enrichment scheme which, at every turn of its promotion, has vastly overstated or simply fabricated key elements of its business, including purported customers and contracts.” Culper continued that “CleanSpark’s entire ‘business’ has been built upon lies and deceit.” The market was stunned by this report, and shares fell by approximately 9.2% to close at $35.71 on January 14, 2021.Ī lawsuit has been filed against CleanSpark and certain of its executives in the U.S. (NASDAQ: CLSK) and certain of its executives.
Perhaps because of this report, there is now a class action lawsuit against the company by litigants who claim that the company violated two provisions of the Securities Exchange Act of 1934 and one provision of the SEC. The suit alleges that CleanSpark misled investors as to the Companys customer and contract figures and that several of CleanSparks recent acquisitions involved undisclosed related party transactions.
03, 2021 (GLOBE NEWSWIRE) - Block & Leviton LLP ( a national securities litigation firm, announces that a lawsuit for violation of the federal securities laws has been filed against CleanSpark, Inc. Culper Research reported that Cleanspark was an insider enrichment scheme and has vastly overstated or simply fabricated key elements of its business. If you wish to serve as lead plaintiff of the CleanSpark class action lawsuit or have questions concerning your rights regarding the CleanSpark class action lawsuit, please provide your information here or contact counsel, Jennifer Caringal of Robbins Geller, at 800/449-4900 or 619/231-1058 or via e-mail at . is facing a class action lawsuit alleging that the Company made materially false and/or misleading statements and/or failed to disclose.