Core Scientific

CORZ

ATLANTA, GA – – (ACCESSWIRE – November 15, 2022) – – Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Core Scientific, Inc. (“Core Scientific” or the “Company”) (NASDAQ: CORZ).  The lawsuit alleges Core Scientific made materially false and misleading statements and/or failed to disclose adverse facts about the Company’s business, operations, and prospects, including: (1) the Company was experiencing increasing power costs; (2) the Company’s largest customer lacked the financial resources to purchase the necessary miner rigs for Core Scientific to host; (3) the Company was not providing services required by their contract; (4) the Company implemented an improper surcharge to pass through power costs to a customer; (5) due to the foregoing alleged breaches of contract, the Company was reasonably likely to incur liability to defend itself in litigation; (6) therefore, the Company’s profitability would be adversely impacted; (7) as a result, there was likely substantial doubt as to the Company’s ability to continue.

 

If you bought shares of Core Scientific between January 3, 2022 and October 26, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at https://holzerlaw.com/case/core-scientific/to learn more.

 

The deadline to ask the court to be appointed lead plaintiff in the case is January 13, 2023.

Registration Deadline

Lead Plaintiff Deadline Has Passed

January 13, 2023

Submit Your Information

Name(Required)
Address
MM slash DD slash YYYY
Shares Purchased(Required)
Number of Shares Acquired
Acquisition Price Per Share
 
MM slash DD slash YYYY
Shares Sold
Number of Shares Sold
Selling Price Per Share
 
By clicking on the button below, I am requesting Holzer & Holzer, LLC send me documents necessary to retain the firm.