ARBK LAWSUIT ALERT: Levi & Korsinsky Notifies Argo Blockchain plc Investors of a Class Action Lawsuit and Upcoming Deadline

ARBK LAWSUIT ALERT: Levi & Korsinsky Notifies Argo Blockchain plc Investors of a Class Action Lawsuit and Upcoming Deadline

Mar 16, 2023 by PR Newswire

Key Facts

  • Levi & Korsinsky, LLP notifies investors in Argo Blockchain plc ("Argo" or the "Company") (NASDAQ: ARBK) of a class action securities lawsuit.
  • This lawsuit is on behalf of persons and entities that purchased or otherwise acquired: (a) Argo American Depository Shares pursuant and/or traceable to the documents issued in connection with the Company's initial public offering conducted on or about September 23, 2021; and/or (b) Argo securities between September 23, 2021 and October 10, 2022, both dates inclusive.
  • Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/argo-blockchain-lawsuit-submission-form?prid=37308&wire=4 ARBK investors may also contact Joseph E. Levi, Esq.
  • CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) Argo was highly susceptible to and/or suffered from significant capital constraints, electricity and other costs, and network difficulties; (ii) the foregoing issues hampered Argo's ability to mine Bitcoin or Bitcoin equivalents, execute its business strategy, meet its obligations, and operate its Helios facility; (iii) as a result, Argo's business was less sustainable than defendants had led investors to believe; (iv) accordingly, Argo's business and financial prospects were overstated; and (v) as a result, the documents issued in connection with the Company's initial public offering and defendants' public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.

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