Argo Blockchain plc Class Action Lawsuit - ARBK

Company
Argo Blockchain plc (NASDAQ: ARBK)
Lead Plaintiff Deadline
March 27, 2023 (Expired)
Class Definition
: (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

Expired

Lead Plaintiff Deadline

Mar 27, 2023

Never Miss Another Deadline

Choose your preferred way to stay informed of new case launches and settlement deadlines

WhatsApp

Scan the QR code or click the button to join

Join on WhatsApp

Get Updates by Email

Required Field

Required Field

Required Field

No Spam, opt-out anytime, alert list is free

Allegations

The filed complaint alleges that Argo Blockchain plc made materially false and/or misleading statements and/or failed to disclose 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.

Eligibility

In order to be eligible to join the ARBK class action lawsuit, you must have incurred a loss on shares of Argo purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Argo during the relevant time frame, you have until March 27, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

TOP