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Los Angeles, California--(Newsfile Corp. - February 3, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Argo Blockchain plc ("Argo" or "the Company") (NASDAQ:ARBK) for violations of the federal securities laws.
Investors who purchased the Company's American Depository Shares ("ADSs") pursuant and/or traceable to the Company's initial public offering conducted on September 23, 2021 (the "IPO") and/or between September 23, 2021 and October 10, 2022, both dates inclusive (the "Class Period"), are encouraged to contact the firm before March 27, 2023.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Argo was at severe risk of skyrocketing electricity and other costs, network difficulties, and capital constraints. The Company's failure to mitigate these risks created difficulties in mining bitcoin and executing its business strategies. The Company's business was not as sustainable as it portrayed to the market. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Argo, investors suffered damages.
Join the case to recover your losses.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
SOURCE:
The Schall Law Firm
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153534
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.