Press release
Investigation announced for Investors in Argo Blockchain plc (NASDAQ: ARBK) over potential Wrongdoing
An investigation on behalf of investors in Argo Blockchain plc (NASDAQ: ARBK) shares over possible breaches of fiduciary duty.
Investors who are investors in Argo Blockchain plc (NASDAQ: ARBK) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: ARBK stocks follows a lawsuit filed against Argo Blockchain plc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ARBK stocks, concerns whether certain Argo Blockchain directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that Argo Blockchain plc was highly susceptible to and/or suffered from significant capital constraints, electricity and other costs, and network difficulties, that Argo Blockchain plc the foregoing issues hampered, inter alia, Argo's ability to mine BTC, execute its business strategy, meet its obligations, and operate its Helios facility, that as a result, Argo's business was less sustainable than Defendants had led investors to believe, that accordingly, Argo's business and financial prospects were overstated, and that as a result, the Offering Documents and Defendants' public statements between September 23, 2021 and October 10, 2022were materially false and/or misleading and failed to state information required to be stated therein.
Those who purchased shares of Argo Blockchain plc (NASDAQ: ARBK) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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