Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against CleanSpark, Inc.
NEW YORK, Feb. 3, 2021 (GLOBE NEWSWIRE) – Bernstein Liebhard, a nationally recognized investor rights law firm, is reminding investors of the deadline to file a lead plaintiff motion in a class action lawsuit filed on behalf of investors dated Dec. December 28, 2020 through January 14, 2021 (the “Class Period”) purchased or acquired securities of CleanSpark, Inc. (“CleanSpark” or the “Company”) (NASDAQ: CLSK). The lawsuit filed in the U.S. District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934.
If you purchased CleanSpark securities and / or wish to discuss your statutory rights and options Please visit CleanSpark Shareholder’s class action lawsuit or contact Matthew E. Guarnero toll-free at (877) 779-1414 or MGuarnero@bernlieb.com.
The complaint alleges that throughout the class period, defendants made materially false and / or misleading statements and failed to communicate to investors: (1) that the company overestimated its customer and contract numbers; (2) that several of the Company’s recent acquisitions involved undisclosed related party transactions; and (3) that as a result of the foregoing, Defendants’ positive statements about the Company’s business, business, and prospects were materially false and / or unfounded.
On Jan. 14, 2021, Culper Research released a report claiming, among other things, that CleanSpark “invented key elements of its business, including alleged customers and contracts,” and that it was “full of undisclosed related party transactions”. In particular, it was alleged that the recent acquisition of ATL Data Centers, LLC “is yet another attempt at good-less publicity”.
In that news, CleanSpark’s shares fell $ 3.63 per share, or 9%, to trade at $ 35.71 per share on Jan. 14, 2021, harming investors. The stock fell further $ 4.56, or 13%, in the next trading session, closing at $ 31.15 per share on January 15, 2021.
If you want to serve as the lead plaintiff, you must transfer the court no later than March 22, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute. Your ability to partake in a recovery does not require you to be the lead plaintiff. If you don’t take action, you may remain an absent class member.
If you purchased CleanSpark securities and / or wish to discuss your statutory rights and options Please visit https://www.bernlieb.com/cases/cleansparkinc-clsk-shareholder-class-action-lawsuit-fraud-stock-356/apply/ or contact Matthew E. Guarnero toll-free at (877) 779-1414 or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has collected over $ 3.5 billion for its clients. In addition to representing individual investors, the firm has been hired by some of the country’s largest public and private pension funds to monitor their assets and litigate on their behalf. Based on the success of hundreds of lawsuits and class actions, the firm has been hot listed thirteen times by the National Law Journal and listed on The Legal 500 for ten consecutive years.
LAWYER. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The attorney responsible for this Connecticut state complaint is Michael S. Bigin. Past results do not guarantee or forecast a similar result with respect to future matters.
Matthew E. Guarnero
Bernstein Liebhard LLP