The firm's lawyers have recovered billions of dollars for its clients. The firm represents many of the nation's largest institutional investors as well as individual investors in securities litigation throughout the United States. The deadline to move the Court to be appointed lead plaintiff is March 22, 2021.īlock & Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country's financial markets. ![]() If you purchased or acquired shares of CleanSpark between Decemand January 14, 2021, you are strongly encouraged to contact the nationally-recognized securities law firm Block & Leviton LLP ( at (617) 398-5600, via email at or visit our website. 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. is facing a class action lawsuit alleging that the Company made materially false and/or misleading statements and/or failed to disclose. 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. District Court for the Southern District of New York. Culper Research reported that Cleanspark was an insider enrichment scheme and has vastly overstated or simply fabricated key elements of its business. 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. ![]() By continuing to use our service, you agree to our use of cookies. Company-specific issues like the CleanSpark lawsuit and selling more than 9 million new shares at a discount to raise money might be weighing on CLSK stock. Or, custom description depending on team type: Flexible. ![]() BOSTON, MA / ACCESSWIRE / Ma/ 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. Sued for Violations of the Federal Securities Laws Investors Should Contact Block & Leviton LLP uses cookies on this site. Learn more about CleanSpark and their remote job openings, benefits offered, team overview and more.
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