RE: susieldn27 Feb 2023 15:49
Argobull,
Most of the lawsuits get tossed clsk is one of the very few still going ahead and it’s more than build out targets they’ve missed otherwise it would have been tossed.
Recently the court denied in part the defendant's motion ‘inactionable puffery’ to dismiss a shareholder class action lawsuit pending against CleanSpark and certain of its officers. 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.