Law firm Kirby McInerney LLP files class action lawsuit against Argo Blockchain on behalf of investors

Odaily Planet Daily News Law firm Kirby McInerney LLP announced that it has filed a class action lawsuit in the U.S. District Court for the Eastern District of New York on behalf of investors who purchased Argo Blockchain securities from September 23, 2021 to October 10, 2022. Investors have until March 27, 2023 to apply to the court to be appointed as lead plaintiff in the lawsuit. The suit alleges that throughout the class period, defendants made false and/or misleading statements and failed to disclose that Argo was extremely vulnerable to significant capital constraints, power and other costs, and network difficulties; The ability to mine BTC, execute its business strategy, meet its obligations, and operate its Helios mine. It is reported that Argo is mainly engaged in crypto asset mining. Argo IPO’d on September 23, 2021, selling 7.5 million shares at $15.00 each. (Businesswire)

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