NEW YORK–(BUSINESS WIRE)–WHY: The Rosen Law Firm, a global investor rights law firm, announces the filing of a class action on behalf of purchasers of American Depository Shares (“ADS”) of Argo Blockchain plc (NASDAQ: ARBK): (i) pursuant to and/or traceable to the Offering Documents issued in connection with the Company’s IPO carried out on or around 23 September 2021 (the “IPO” or the “Offer”); and/or (ii) securities between September 23, 2021 and October 10, 2022, both dates inclusive (the “Class Period”). If you wish to act as the main plaintiff, you must move the court no later than 27 March 2023.
SO WHAT: If you purchased Argo securities during the class period, you may be entitled to compensation without payment of out-of-pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Argo class action, go to or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] or [email protected] for information about the class action. A class action lawsuit has already been filed. If you wish to act as the main plaintiff, you must move the court no later than 27 March 2023. A lead plaintiff is a representative party who acts on behalf of other class members by leading the litigation.
WHY ROSEN LAW: We encourage investors to choose qualified advisors with success in leadership roles. Often, announcing firms do not have comparable experience, resources, or any meaningful peer recognition. Be wise when choosing advice. Rosen Advokatfirma represents investors worldwide, concentrating its practice in securities class actions and shareholder derivatives. The Rosen Law Firm has achieved the largest securities settlement ever against a Chinese company. The Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of class action securities settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founder Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, the offering documents and during the class period the defendants made false and/or misleading statements and/or failed to disclose that: (1) Argo was highly exposed to and/or suffered from significant capital constraints, electricity and other costs and network difficulties; (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 offering documents and defendants’ public statements throughout the class period were materially false and/or misleading and failed to disclose information required to be disclosed therein. When the true details entered the market, the lawsuit alleges, investors suffered harm.
To join the Argo class action, go to or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] or [email protected] for information about the class action.
No class has been certified. Until a class is certified, you are not represented by counsel unless you retain one. You can choose a lawyer of your choice. You can also remain an absent class member and do nothing at this time. An investor’s ability to participate in any potential future recovery is not dependent on serving as the lead plaintiff.
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