NEW YORK, March 12, 2023 /PRNewswire/ – WHY: Rosen Law Firm, a global investor advocacy law firm, is reminding buyers of Argo Blockchain plc (NASDAQ: ARBK) American Depository Shares (“ADSs”) to: (i) pursuant to the Offering Documents issued in connection with the Company’s Initial Public Offering held around September 23, 2021 (“IPO” or “Offer”); and/or (ii) securities between September 23, 2021 And October 10, 2022both dates inclusive (“Class Period”) of important March 27, 2023 lead claimant filing deadline.
SO WHAT: If you purchased Argo securities during the Class Period, you may be eligible for compensation without paying any fees or out-of-pocket expenses under a contingency agreement.
WHAT TO DO NEXT: To join the Argo group action, go to https://rosenlegal.com/submit-form/?case_id=11508 or call Philip Kim, Esq. call toll-free 866-767-3653 or email [email protected] gold [email protected] for information about a class action lawsuit. The class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the court not later than March 27, 2023. The lead plaintiff is the representative party acting on behalf of the other members of the group in leading the litigation.
WHY ROSEN’S LAW: We encourage investors to choose qualified lawyers with successful experience in senior positions. Often firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are simply intermediaries who refer clients or partner with law firms that actually handle cases. Be wise in choosing a lawyer. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivatives litigation. Law firm Rosen has secured the largest ever settlement of a securities class action against a Chinese company. Rosen law firm was ranked #1 by ISS Securities Group Action Services for the number of securities class action settlements in 2017. Since 2013, the firm has ranked in the top four every year and returns hundreds of millions of dollars to investors. In 2019 alone, the firm received more than $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 the titan of the plaintiffs’ panel. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the suit, during the Class Period, the Offer Documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) Argo was highly exposed to and/or suffered from significant capital constraints, electricity and other expenses and network problems; (2) the above issues hindered, among other things, Argo’s ability to mine BTC, execute its business strategy, meet its obligations, and operate its Helios facility; (3) as a result, Argo’s business was less resilient than Defendants led investors to believe; (4) Accordingly, Argo’s business and financial prospects were inflated; and (5) as a result, the Offer Documents and public statements made by Defendants during the Class Period were materially false and/or misleading and did not contain the information that should have been included in them. When the true details hit the market, the lawsuit alleges that investors suffered losses.
To join the Argo group action, go to https://rosenlegal.com/submit-form/?case_id=11508 or call Philip Kim, Esq. call toll-free 866-767-3653 or email [email protected] gold [email protected] for information about a class action lawsuit.
Neither class has been certified. Until the class is certified, you will not be represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain the missing member of the class and do nothing at this point. An investor’s ability to participate in any potential future recovery is independent of whether or not it is acting as a lead claimant.
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Contact Information:
Laurence Rosen, Esq.
Philip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th floor
New York, New York 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
SOURCE Rosen Law Firm, Pennsylvania