NEW
YORK, Nov. 30, 2022 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Core
Scientific, Inc..
Shareholders who purchased shares of CORZ during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/core-scientific-inc-loss-submission-form/?id=34122&from=4
CLASS PERIOD: January 3,
2022 to October 26, 2022
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (1) due in part to the
expiration of a favorable pricing agreement, the Company was
experiencing increasing power costs; (2) the Company's largest
customer, Gryphon Digital Mining, lacked the financial resources to
purchase the necessary miner rigs for Core Scientific to host; (3)
the Company was not providing hosting services to Celsius Network
LLC ("Celsius") as required by their contract; (4) the Company had
implemented an improper surcharge to pass through power costs to
Celsius; (5) as a result of the foregoing alleged breaches of
contract, the Company was reasonably likely to incur liability to
defend itself against Celsius; (6) as a result of the foregoing,
the Company's profitability would be adversely impacted; (7) as a
result, there was likely substantial doubt as to the Company's
ability to continue as a going concern; and (8) as a result of the
foregoing, defendant's positive statements about the Company's
business, operations, and prospects were materially misleading
and/or lacked a reasonable basis.
DEADLINE: January 13, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/core-scientific-inc-loss-submission-form/?id=34122&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of CORZ during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is January 13, 2023. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm