#Cleanspark lawsuit software#

On January 14, 2021, Culper Research published a report alleging, among other things, that CleanSpark has “fabricated key elements of its business, including purported customers and contracts” and that it is “rife with undisclosed related party transactions.” On this news, CleanSpark’s share price fell 9%, damaging investors. The CleanSpark class action lawsuit alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose: (1) that CleanSpark had overstated its customer and contract figures (2) that several of CleanSpark’s recent acquisitions involved undisclosed related party transactions and (3) that, as a result of the foregoing, defendants’ positive statements about CleanSpark’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

#Cleanspark lawsuit software#

If you wish to serve as lead plaintiff of the CleanSpark class action lawsuit or have questions concerning your rights regarding the CleanSpark class action lawsuit, please provide your information here or contact counsel, Jennifer Caringal of Robbins Geller, at 800/449-4900 or 619/231-1058 or via e-mail at Lead plaintiff motions for the CleanSpark class action lawsuit must be filed with the court no later than March 22, 2021.ĬleanSpark provides software and controls technology solutions, including end-to-end microgrid energy modeling, energy market communications, and energy management solutions. An investor’s ability to share in any potential future recovery of the CleanSpark class action lawsuit is not dependent upon serving as lead plaintiff. The lead plaintiff can select a law firm of its choice to litigate the CleanSpark class action lawsuit. A lead plaintiff acts on behalf of all other class members in directing the CleanSpark class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. The Private Securities Litigation Reform Act of 1995 permits any investor who purchased CleanSpark securities during the Class Period to seek appointment as lead plaintiff in the CleanSpark class action lawsuit. The CleanSpark class action lawsuit charges CleanSpark and certain of its executives with violations of the Securities Exchange Act of 1934. 21-cv-00511, and is assigned to Judge Loretta A. (NASDAQ:CLSK) securities between Decemand January 14, 2021, inclusive (the “Class Period”). SAN DIEGO-( BUSINESS WIRE)-Robbins Geller Rudman & Dowd LLP announces that a class action lawsuit has been filed in the Southern District of New York on behalf of purchasers of CleanSpark, Inc.