{"id":419684,"date":"2021-01-22T15:16:09","date_gmt":"2021-01-22T20:16:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=419684"},"modified":"2021-01-22T15:16:09","modified_gmt":"2021-01-22T20:16:09","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-cleanspark-inc-clsk","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-cleanspark-inc-clsk\/","title":{"rendered":"Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against CleanSpark, Inc. (CLSK)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Jan.  22, 2021  (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a class action lawsuit has been filed against CleanSpark, Inc. (\u201cCleanSpark\u201d or the \u201cCompany\u201d) (NASDAQ: CLSK) in the United States District Court for the Southern District of New York on behalf of those who purchased or acquired the securities of CleanSpark between December 31, 2020 and January 14, 2021, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for CleanSpark investors under the federal securities laws.<\/p>\n<p align=\"justify\">The Complaint alleges that Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) the Company had overstated its customer and contract figures; (2) several of the Company\u2019s recent acquisitions involved undisclosed related party transactions; and (3) as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n<p align=\"justify\">Investors who purchased or otherwise acquired shares of CleanSpark during the Class Period should contact the Firm<strong><em> prior to the March 22, 2021 <\/em><\/strong>lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.\u00a0 If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna &amp; Egleston at (212) 983-1300, or via e-mail at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=g7VOxT2KPIhS9S6SUuSg_3OZYdf857Spsj9GaJ1-DlKwWEq6k0iz7iTyWvPR9s3jgNkCub-W9erEDc8AFeHHHIQLksFg9j23fK8ePFqS8sE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>tjmckenna@gme-law.com<\/u><\/a> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jBVFKriGHm0dMdwjercNiweNSXoJp66BdvM1OGdbsgyBJFbQ9siHlczwZEG_X0M7ua12DxHl5mruZKacodzB9PM1BMD74g2HBKAnGReYufA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>gegleston@gme-law.com<\/u><\/a>.<\/p>\n<p align=\"justify\">Please visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IZl0L3HJoaogwsgO6KXJbg5VY61JPYhdUb0jpQ7sYw1IM2EMJQHMLGAnkZxGliGTQwIrHd47BAi6UTUl7DwaEMSKHJLyrcFbEjuTTFGcH5c=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0MDM0NyMzOTQxNDQ1IzIwMTc3MDQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/d2f9f508-4ed0-4ecb-8e1a-f1a2f6f2b90a\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Jan. 22, 2021 (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a class action lawsuit has been filed against CleanSpark, Inc. (\u201cCleanSpark\u201d or the \u201cCompany\u201d) (NASDAQ: CLSK) in the United States District Court for the Southern District of New York on behalf of those who purchased or acquired the securities of CleanSpark between December 31, 2020 and January 14, 2021, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for CleanSpark investors under the federal securities laws. The Complaint alleges that Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) the Company had overstated its customer and contract figures; (2) several of the Company\u2019s recent acquisitions involved undisclosed related party transactions; and (3) &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-cleanspark-inc-clsk\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against CleanSpark, Inc. (CLSK)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-419684","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against CleanSpark, Inc. (CLSK) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-cleanspark-inc-clsk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against CleanSpark, Inc. (CLSK) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Jan. 22, 2021 (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a class action lawsuit has been filed against CleanSpark, Inc. (\u201cCleanSpark\u201d or the \u201cCompany\u201d) (NASDAQ: CLSK) in the United States District Court for the Southern District of New York on behalf of those who purchased or acquired the securities of CleanSpark between December 31, 2020 and January 14, 2021, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for CleanSpark investors under the federal securities laws. The Complaint alleges that Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) the Company had overstated its customer and contract figures; (2) several of the Company\u2019s recent acquisitions involved undisclosed related party transactions; and (3) &hellip; Continue reading &quot;Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against CleanSpark, Inc. 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