The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Core Scientific, Inc. (“Core Scientific” or “the Company”) (NASDAQ: CORZ) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Core Scientific is the subject of a report released by Culper Research on March 3, 2022. Culper alleges that the Company “has wildly oversold both its mining and hosting businesses, which it cobbled together in a series of questionable transactions before dumping onto the market via SPAC.” The report adds that the Company “waived the 180-day lockup on over 282 million shares, making them free to be dumped just 5 trading days,” demonstrating that “insiders have abandoned any pretense of care for minority shareholders.” Based on this news, shares of Core Scientific fell by 9% on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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