LOS ANGELES--(BUSINESS WIRE)--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 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 U.S.C. § 362(a)." The motion alleges that the Company refused to perform its contractual obligations and added improper surcharges, amongst other allegations. Based on this news, shares of Core Scientific fell by 10% on the next 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 brian@schallfirm.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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