NEW YORK, March 13, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of Core Scientific, Inc. (NASDAQ: CORZ, CORZW) arising from allegations that which Core Scientific may have provided misleading business information to the investing public.
SO WHAT: If you have purchased Core Scientific titles, you may be entitled to compensation without payment of out-of-pocket expenses or costs through a contingency fee arrangement. The law firm Rosen is preparing a class action lawsuit seeking to recover the losses of the investors.
WHAT TO DO NEXT: To join the potential class action, go to https://rosenlegal.com/submit-form/?case_id=3932 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
WHAT DOES IT TALK ABOUT: On March 3, 2022, market analyst Culper Research released a report alleging, among other things, that Core Scientific “grossly oversold both its mining and hosting businesses, which it cobbled together in a series of dodgy deals. before jumping into the market via SPAC”. .” Additionally, the company had “waived the 180-day lock-up on more than 282 million shares, making them free to dump just 5 trading days” as of the report date, showing that “insiders have waived any claim to care about minority shareholders.”
On this news, Core Scientific stock fell $0.72, or 9%, to close at $6.98 on March 3, 2022, hurting investors.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these companies do not bring securities class action lawsuits. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827