New York, New York–(Newsfile Corp. – February 20, 2023) – Levi & Korsinsky, LLP Notifies Investors in Argo Blockchain plc (“Argo” or the “Company”) (NASDAQ:ARBK) in a securities class action lawsuit.
The lawsuit on behalf of Argo investors has been filed in the United States District Court for the Eastern District of New York. This action is on behalf of persons and entities that have purchased or otherwise acquired: (a) Argo American Depository Shares pursuant to and/or traceable to the documents issued in connection with the company’s initial public offering effected on or about September 23, 2021 ; and/or (b) Argo Securities between September 23, 2021 and October 10, 2022, both dates inclusive. Follow the link below to get more information and be contacted by a member of our team:
or contact Joseph E. Levi, Esq. either by email at [email protected] or by phone at (212) 363-7500. There is no cost or obligation to you.
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CASE DETAILS: The filed complaint alleges that the defendants made false representations and/or concealed that: (i) Argo was highly susceptible to and/or suffered from significant capital constraints, electricity and other costs, and network problems; (ii) the foregoing problems impeded Argo’s ability to mine Bitcoin or Bitcoin equivalents, execute its business strategy, fulfill its obligations and operate the Helios facility; (iii) as a result, Argo’s business was less sustainable than the defendants had led investors to believe; (iv) consequently, Argo’s business and financial prospects were overstated; and (v) as a result, the documents issued in connection with the company’s initial public offering and the defendants’ public statements throughout the class period were materially false and/or misleading and failed to set forth information required to be disclosed therein.
WHAT THIS MEANS FOR SHAREHOLDERS: If you have suffered a loss in Argo during the relevant time frame, you have until March 27, 2023 to request that the court appoint you as the lead plaintiff. Your ability to participate in any recovery does not require you to act as the lead plaintiff.
NO COSTS FOR YOU: If you are a class member, you may be entitled to compensation without payment of expenses or fees. Discuss your rights with our legal team at no cost or obligation.
PROTECT YOUR FINANCIAL INTERESTS: Fill out this short submission form or call 212-363-7500 to discuss the matter.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 staff to serve our clients. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 report as one of the top securities law firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th floor
New York, NY 10006
[email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/155463
