2023-03-13 | NDAQ:ARBK | Press release
LOS ANGELES, March 13, 2023 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) announces that investors with significant losses have the opportunity to lead the securities fraud class action against Argo Blockchain plc (“Argo” or the “Company”) (NASDAQ: ARBK).
Class period: 23 September 2021 – 10 October 2022
Deadline for main plaintiff:March 27, 2023
If you would like to serve as lead plaintiff for the Argo lawsuit, please submit your contact information at www.glancylaw.com/cases/Argo-Blockchain-plc/. You can also contact Charles H. Linehanfrom GPM at 310-201-9150, toll-free at 888-773-9224, or by email at [email protected] to learn more about your rights.
The filed complaint alleges that during the class period the defendants failed to disclose to investors that: (1) Argo was highly susceptible to and/or suffered from significant capital constraints, electricity and other costs, and network problems; (2) the foregoing issues impeded, among other things, Argo’s ability to mine BTC, execute its business strategy, fulfill its obligations and operate the Helios facility; (3) as a result, Argo’s operations were less sustainable than defendants had led investors to believe; (4) consequently, Argo’s business and financial prospects were overstated; and (5) as a result, the Offer Documents and the defendant’s positive statements about the company’s operations, operations and prospects were materially misleading and/or lacked a reasonable basis at all times.
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To be a member of the class action, you do not need to take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you would like to learn more about this class action, or if you have any questions regarding this notice or your rights or interests with respect to the pending class action, please contact Charles Linehan, Esquireof GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, toll-free at 888-773-9224, by email at [email protected], or visit our website at www.glancylaw.com. If you inquire by e-mail, please provide your postal address, telephone number and the number of shares purchased.
This press release may be considered Lawyer Advertising in some jurisdictions under applicable law and ethical rules.
Contacts
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com
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SOURCE Glancy Prongay & Murray LLP
