Core Scientific Class Action Lawsuit CORZ | Deadline January 13, 2023
Announcement! On behalf of all investors who bought or otherwise acquired Core Scientific Inc. (Core Scientific Class Action Lawsuit) securities between February 27, 2020, and April 26, 2022, have an opportunity to join the CORZ lawsuit.
According to the CORZ lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
(i) The Company was suffering rising electricity expenses as a result of, among other things, the termination of a beneficial price agreement;
(ii) The Company was dealing with rising electricity expenses, partly as a result of the expiration of a beneficial price agreement;
(iii) According to its contract, the Company was not giving Celsius Network LLC (“Celsius”) hosting services;
(iv) Celsius was subjected to an improper surcharge put in place by the Company to cover power costs;
(v) The Company was reasonably likely to be liable to defend itself against Celsius because to the aforementioned alleged contract violations;
(vi) The Company’s profitability would suffer as a result of the aforementioned;
(vii) Therefore, there was probably serious uncertainty over the Company’s ability to remain a continuing concern; and
(viii) Due to the aforementioned, the defendant’s optimistic claims regarding the Company’s operations, business, and prospects were either substantially false or lacked a solid foundation.
If you suffered a loss in CORZ Lawsuit, you have until January 13, 2023, to request that the Court appoint you as the lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Core Scientific Class Action Lawsuit (CORZ Lawsuit)
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