{"id":451842,"date":"2021-03-05T10:03:35","date_gmt":"2021-03-05T15:03:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451842"},"modified":"2021-03-05T10:03:35","modified_gmt":"2021-03-05T15:03:35","slug":"the-law-offices-of-frank-r-cruz-announces-the-filing-of-a-securities-class-action-on-behalf-of-cleanspark-inc-clsk-investors-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-announces-the-filing-of-a-securities-class-action-on-behalf-of-cleanspark-inc-clsk-investors-2\/","title":{"rendered":"The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of CleanSpark, Inc. (CLSK) Investors"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n LOS ANGELES<\/span>, March 5, 2021<\/span> \/PRNewswire\/ —\u00a0The Law Offices of Frank R. Cruz<\/span><\/a> announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired CleanSpark, Inc. (“CleanSpark” or the “Company”) (NASDAQ:\u00a0CLSK) securities between December 31, 2020<\/span> and January 14, 2021<\/span><\/b>, inclusive (the “Class Period”). CleanSpark investors have until March 22, 2021<\/span><\/b>to file a lead plaintiff motion.<\/p>\n

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\n \"(PRNewsfoto\/The
\n <\/a>\n <\/p>\n<\/p><\/div>\n

If you are a shareholder who suffered a loss, click here<\/a> to participate.<\/p>\n

On January 14, 2021<\/span>, Culper Research published a report titled “Cleanspark (CLSK): Back to the Trash Can,” alleging, among other things, that CleanSpark has “fabricated key elements of its business, including purported customers and contracts” and is also “rife with undisclosed related party transactions.”<\/p>\n

On this news, the Company’s share fell $3.63<\/span> per share, or 9%, to close at $35.71<\/span> per share on January 14, 2021<\/span>, thereby injuring investors. The stock continued to decline the next trading session by $4.56<\/span>, or 13%, to close at $31.15<\/span> per share on January 15, 2021<\/span>.<\/p>\n

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company had overstated its customer and contract figures; (2) that several of the Company’s recent acquisitions involved undisclosed related party transactions; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n

Follow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.<\/p>\n

If you purchased CleanSpark securities during the Class Period, you may move the Court no later than March 22, 2021<\/span><\/b>to ask the Court to appoint you as lead plaintiff.\u00a0 To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.\u00a0 If you purchased CleanSpark securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz<\/span>, of The Law Offices of Frank R. Cruz<\/span>, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California<\/span> 90067 at 310-914-5007, by email to info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.com<\/a>. \u00a0If you inquire by email please include your mailing address, telephone number, and number of shares purchased.<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/the-law-offices-of-frank-r-cruz-announces-the-filing-of-a-securities-class-action-on-behalf-of-cleanspark-inc-clsk-investors-301238128.html<\/a><\/p>\n

SOURCE The Law Offices of Frank R. Cruz<\/span>, Los Angeles<\/span><\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire LOS ANGELES, March 5, 2021 \/PRNewswire\/ —\u00a0The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired CleanSpark, Inc. (“CleanSpark” or the “Company”) (NASDAQ:\u00a0CLSK) securities between December 31, 2020 and January 14, 2021, inclusive (the “Class Period”). CleanSpark investors have until March 22, 2021to file a lead plaintiff motion. If you are a shareholder who suffered a loss, click here to participate. On January 14, 2021, Culper Research published a report titled “Cleanspark (CLSK): Back to the Trash Can,” alleging, among other things, that CleanSpark has “fabricated key elements of its business, including purported customers and contracts” and is also “rife with … <\/p>\n

Continue reading “The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of CleanSpark, Inc. (CLSK) Investors”<\/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-451842","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of CleanSpark, Inc. 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(“CleanSpark” or the “Company”) (NASDAQ:\u00a0CLSK) securities between December 31, 2020 and January 14, 2021, inclusive (the “Class Period”). CleanSpark investors have until March 22, 2021to file a lead plaintiff motion. If you are a shareholder who suffered a loss, click here to participate. On January 14, 2021, Culper Research published a report titled “Cleanspark (CLSK): Back to the Trash Can,” alleging, among other things, that CleanSpark has “fabricated key elements of its business, including purported customers and contracts” and is also “rife with … Continue reading "The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of CleanSpark, Inc. 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