![]() Scott Silver, Silver Law Group’s managing partner, is the chairman of the Securities and Financial Fraud Group of the American Association of Justice. ![]() ![]() Our attorneys represent investors in class action lawsuits against issuers in state or federal court and investors in securities arbitration claims against Wall Street firms for stockbroker misconduct. Silver Law Group is a nationally-recognized class action law firm representing victims of investment fraud. was the sole book-running manager for the offering. The offering raised about $40 million and H.C. (CLSK)ĬleanSpark, which says it “provides energy software and control technology solutions worldwide”, held a public offering of almost 4.5 million shares in October, 2020. ![]() The deadline to apply to be lead plaintiff is March 22, 2021. The report caused the company’s stock to decline by 9% the day the report was released and another 13% the day after. On January 14, 2020, a report from Culper Research was published that alleged CleanSpark was “rife with undisclosed related party transactions” and “fabricated key elements of its business” such as customers and contracts. Because of that, it is alleged that the company’s statements about its operations and prospects were materially false. The class action complaint alleges that CleanSpark made false and/or misleading statements throughout the class period and didn’t disclose to investors that the company overstated figures for contracts and customers, and that some of the company’s transactions involved undisclosed related party transactions. (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. If you have losses from investing in CleanSpark, Inc. The class action lawsuit concerns alleged violations of federal securities laws and seeks to recover damages for investors. (CLSK) is the subject of a class action lawsuit filed on behalf of shareholders. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.CleanSpark, Inc. If you would like to discuss the complaint or our investigation, please contact us by emailing or by calling (646) 315-9003 You need not seek to become a lead plaintiff in order to share in any possible recovery. If you are a member of the proposed Class, you may move the court no later than Mato serve as a lead plaintiff for the purported class. is “another undisclosed related party transaction, as CleanSpark’s CFO Lori Love is found on p2k’s corporate documents since at least November 2018, well before joining CleanSpark and the p2k acquisition.” Further, the report alleges that “n effect, CleanSpark appears to have purchased the side business of its CFO, with zero relevance to the Company’s supposed clean energy mission.”įollowing this news, CleanSpark's stock price fell $3.63 per share, or 9.23%, to close at $35.71 per share on January 14, 2021. On January 14, 2021, Culper Research published a report entitled "Cleanspark (CLSK): Back to the Trash Can." According to the Culper Research report, “CleanSpark’s promotional charade has spanned marijuana, clean energy, “SaaS”, electric vehicles, and, most recently, bitcoin.”Īccording to the complaint, the Culper Research report claims that CleanSpark has "fabricated key elements of its business, including purported customers and contracts" and that the Company is also "rife with undisclosed related party transactions." For example, the Culper Research report alleges the entire February 2020 acquisition of p2k Labs, Inc. A complaint has been filed on behalf of investors who purchased CleanSpark securities between Decemand Janu(the “Class Period”). (“CleanSpark” or the “Company”) (NASDAQ: CLSK). 19, 2021 (GLOBE NEWSWIRE) - Kaplan Fox & Kilsheimer LLP ( is investigating claims on behalf of investors of CleanSpark, Inc.
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