Deadline on January 13th coming up in Lawsuit for Investors in Core Scientific, Inc. (NASDAQ: CORZ)

A deadline is coming up on January 13, 2023 in the lawsuit filed for certain investors of Core Scientific, Inc. (NASDAQ: CORZ) over alleged securities laws violations by Core Scientific, Inc.

Investors who purchased shares of Core Scientific, Inc. (NASDAQ: CORZ) have certain options and there are strict and short deadlines running. Deadline: January 13, 2023. NASDAQ: CORZ stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Western District of Texas the plaintiff alleges on behalf of purchasers of Core Scientific, Inc. (NASDAQ: CORZ) common shares between January 3, 2022 and October 26, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between January 3, 2022 and October 26, 2022, the Defendants failed to disclose to investors that, due in part to the expiration of a favorable pricing agreement, the Company was experiencing increasing power costs, that the Company's largest customer, Gryphon, lacked the financial resources to purchase the necessary miner rigs for Core Scientific to host, that the Company was not providing hosting services to Celsius as required by their contract, that the Company had implemented an improper surcharge to pass through power costs to Celsius, that, as a result of the foregoing alleged breaches of contract, the Company was reasonably likely to incur liability to defend itself against Celsius, that, as a result of the foregoing, the Company's profitability would be adversely impacted, that, as a result, there was likely substantial doubt as to the Company's ability to continue as a going concern, and that as a result, Defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

Those who purchased shares of Core Scientific, Inc. (NASDAQ: CORZ) 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.

This release was published on openPR.