New York, New York--(Newsfile Corp. - January 9, 2023) - Moore Kuehn, PLLC, a securities law firm located on Wall Street, is investigating whether certain officers and directors of CleanSpark, Inc.(NASDAQ: CLSK) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, the Company 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, positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On January 5, 2023, U.S. District Court Judge Loretta A. Preska denied defendants' motion to dismiss the class action complaint, paving the way for litigation to proceed against CleanSpark and certain insider defendants.
If you currently own CLSK and purchased prior to December 10, 2020 please contact Justin Kuehn, Esq. by email at jkuehn@moorekuehn.com or telephone at (212) 709-8245. There is no cost to you. Moore Kuehn is a New York-based law firm with attorneys representing investors and consumers. Please visit http://www.moorekuehn.com/practice/new-york-shareholder-derivative-litigation/
Attorney advertising. Prior results do not guarantee similar outcomes.
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
jkuehn@moorekuehn.com
(212) 709-8245
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150740
