An investigation for investors in Core Scientific, Inc. (NASDAQ:CORZ) shares over potential securities laws violations by Core Scientific, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 11/03/2022 -- Core Scientific, Inc is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Core Scientific, Inc. (NASDAQ: CORZ), 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 focuses on whether a series of statements by Core Scientific, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Austin, TX based Core Scientific, Inc. operates facilities for digital asset mining and colocation services in North America.
On September 28, 2022, Celsius Network LLC and related entities filed a motion to enforce the automatic stay and for civil contempt in bankruptcy proceedings alleging that Core Scientific, Inc. "has knowingly and repeatedly violated the automatic stay provisions of 11 U.S.C. ยง 362(a)" by refusing to perform its contractual obligations, threatening to terminate the companies' agreement, and adding improper surcharges.
Shares of Core Scientific, Inc. (NASDAQ: CORZ) declined from $3.47 per share in August 2022, to $0.16 per share on November 2, 2022.
Those who purchased shares of Core Scientific, Inc. (NASDAQ: CORZ) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.