ARBK LAWSUIT ALERT: Levi & Korsinsky Notifies Argo Blockchain plc Investors of Class Action and Upcoming Deadline – Argo Blockchain (NASDAQ:ARBK)
NEW YORK, March 23, 2023 /PRNewswire/ — Levi & Korsinsky, LLP notifies investors in the Argo Blockchain plc (“Argo” or the “Company”) ARBK of a class-action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Argo investors who were adversely affected by alleged securities fraud. 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 made on or about 23 September 2021; and/or (b) Argo securities between 23 September 2021 and 10 October 2022, both dates included. Follow the link below to get more information and be contacted by a member of our team:
ARBK investors can also contact Joseph E. Levi, Esq. by email at [email protected] or by phone at (212) 363-7500.
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 hampered Argo’s ability to mine Bitcoin or Bitcoin equivalents, execute its business strategy, fulfill its obligations and operate its 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 WILL BE NEXT? If you 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. There is no cost or obligation to participate.
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 best 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
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SOURCE Levi & Korsinsky, LLP
