The U.S. District Court for the Southern District of New York has approved a class action lawsuit by CleanSpark Inc. investors. The lawsuit alleges that the company made misrepresentations during its transition from clean energy to Bitcoin mining. The court dismissed CleanSpark's argument that individual issues outweighed common ones and ruled that the company's defense regarding investor reliance was not applicable at this stage. Darshan Hasthantra has been appointed as the representative for the plaintiffs.
Court Approves Class Action Lawsuit Against CleanSpark by Investors
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.