This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. If you would like to discuss the complaint or our investigation, please contact us by emailing or by calling (646) 315-9003 You need not seek to become a lead plaintiff in order to share in any possible recovery. If you are a member of the proposed Class, you may move the court no later than Mato serve as a lead plaintiff for the purported class.
is “another undisclosed related party transaction, as CleanSpark’s CFO Lori Love is found on p2k’s corporate documents since at least November 2018, well before joining CleanSpark and the p2k acquisition.” Further, the report alleges that “n effect, CleanSpark appears to have purchased the side business of its CFO, with zero relevance to the Company’s supposed clean energy mission.”įollowing this news, CleanSpark's stock price fell $3.63 per share, or 9.23%, to close at $35.71 per share on January 14, 2021. On January 14, 2021, Culper Research published a report entitled "Cleanspark (CLSK): Back to the Trash Can." According to the Culper Research report, “CleanSpark’s promotional charade has spanned marijuana, clean energy, “SaaS”, electric vehicles, and, most recently, bitcoin.”Īccording to the complaint, the Culper Research report claims that CleanSpark has "fabricated key elements of its business, including purported customers and contracts" and that the Company is also "rife with undisclosed related party transactions." For example, the Culper Research report alleges the entire February 2020 acquisition of p2k Labs, Inc. A complaint has been filed on behalf of investors who purchased CleanSpark securities between Decemand Janu(the “Class Period”). (“CleanSpark” or the “Company”) (NASDAQ: CLSK). 19, 2021 (GLOBE NEWSWIRE) - Kaplan Fox & Kilsheimer LLP ( is investigating claims on behalf of investors of CleanSpark, Inc. The firm's lawyers have recovered billions of dollars for its clients.NEW YORK, Feb. 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. District Court for the Southern District of New York. 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. BOSTON, MA / ACCESSWIRE / Febru/ 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.
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