Le Lézard
Classified in: Business
Subject: ATY

CORZ NOTICE: ROSEN, TRUSTED NATIONAL TRIAL COUNSEL, Encourages Core Scientific, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - CORZ


NEW YORK, Dec. 9, 2022 /PRNewswire/ --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Core Scientific, Inc. (NASDAQ: CORZ) between January 3, 2022 and October 26, 2022, both dates inclusive (the "Class Period"), of the important January 13, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Core Scientific securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Core Scientific 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 information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. 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 merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm 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.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) due in part to the expiration of a favorable pricing agreement, Core Scientific was experiencing increasing power costs; (2) Core Scientific's largest customer, Gryphon, lacked the financial resources to purchase the necessary miner rigs for Core Scientific to host; (3) Core Scientific was not providing hosting services to Celsius Network LLC and related entities ("Celsius") as required by their contract; (4) Core Scientific had implemented an improper surcharge to pass through power costs to Celsius; (5) as a result of the foregoing alleged breaches of contract, Core Scientific was reasonably likely to incur liability to defend itself against Celsius; (6) as a result of the foregoing, Core Scientific's profitability would be adversely impacted; (7) as a result, there was likely substantial doubt as to Core Scientific's ability to continue as a going concern; and (8) as a result, defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Core Scientific 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 information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (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, P.A.


These press releases may also interest you

at 23:30
Korea's leading blockchain-based ecosystem developer WEMIX today announced the next step in its global expansion plans with the launch of its subsidiary in the Middle East and North Africa (MENA) region. Located in Abu Dhabi Global Market (ADGM) - a...

at 23:00
LeoLabs, the leading commercial provider of Space Domain Awareness (SDA) services and low Earth orbit (LEO) mapping, announced the commissioning of the LeoLabs West Australian Space Radar (WASR). This radar site, located in Western Australia, adds...

at 22:28
Companies using OneBill's platform to manage their billing and monetization operations will now have the advantage of leveraging powerhouse Hubspot's intelligent CRM tools, thanks to a newly developed integration....

at 22:24
TSX VENTURE COMPANIES HIGH TIDE INC. ("HITI.WT")BULLETIN TYPE:  Warrant Expiry-DelistBULLETIN DATE:  January 30, 2023TSX Venture Tier  2 Company Effective at the opening, February 02, 2023, the Share Purchase Warrants of the Company will trade for...

at 22:08
It was announced today, the United Kingdom will play host of an important international gathering of literacy specialists who will come together to address the spike in illiteracy rates post pandemic. The World Literacy Summit 2023 will be held at...

at 22:05
Hampton Financial Corporation ("Hampton" or the "Company", TSXV:HFC & HFC.PR.A) today announced its financial results for the 1st quarter ended November 30th, 2022. "The first quarter results are indicative of the challenges faced across the...



News published on 9 december 2022 at 17:45 and distributed by: