NEW
YORK, March 24, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Argo Blockchain plc (NASDAQ:
ARBK).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/argo-blockchain-lawsuit-submission-form/?id=37568&from=4
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.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
March 27, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Argo Blockchain plc issued
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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law