LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces that it is investigating claims on behalf of investors of Core Scientific, Inc. (“Core Scientific” or “the Company “) (NASDAQ: CORZ) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Core Scientific is the subject of a motion filed by Celsius Network LLC and related entities on September 28, 2022. The motion, filed to enforce the automatic stay and for civil contempt related to bankruptcy proceedings, alleges that the company ” has knowingly and repeatedly violated the automatic stay provisions of 11 USC § 362(a).” The petition alleges that the Company refused to perform its contractual obligations and added inappropriate surcharges, among other allegations. Based on this news, shares of Core Scientific fell 10% the next day.
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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 do nothing, you can remain an absent member of the group.
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