The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against CleanSpark,
The Schall Law Firm for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between December 31, 2020 and January 14, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before March 22, 2021.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. CleanSpark overstated multiple aspects of its business, including its customer list and contract details. The Company engaged in undisclosed related party transactions in multiple recent acquisitions. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about CleanSpark, investors suffered damages.
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