Bragar Eagel & Squire, PC investigate Clariant, Core
NEW YORK, May 01, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Clariant AG (OTCMKTS: CLZNY) , Core Scientific, Inc. (NASDAQ: CORZ ), Roblox Corp. (NYSE: RBLX) and Agrify Corporation (NASDAQ: AGFY). Our investigations focus on whether these companies have violated federal securities laws and/or engaged in other illegal business practices. Additional information on each case can be found at the link provided.
Clariant SA (OTCMKTS: CLZNY)
On February 14, 2022, Swiss chemical manufacturer, Clariant AG, announced that it would delay the release of fourth quarter 2021 and full year 2021 financial results due to an ongoing internal investigation into accounting fraud. potential.
Clariant AG is investigating internal complaints from whistleblowers of which the company has been aware since September 2021, regarding booking issues aimed at improving results to achieve objectives.
On this news, shares of Clariant AG ADR fell more than 14% in intraday trading on February 14, 2022.
For more information on the Clariant survey, visit: https://bespc.com/cases/CLZNY
Core Scientific, Inc. (NASDAQ:CORZ)
On March 3, 2022, market analyst Culper Research released a report alleging, among other things, that Core Scientific “grossly oversold both its mining and hosting businesses, which it cobbled together in a series of dodgy deals. before jumping into the market via SPAC”. .” Additionally, the company had “waived the 180-day lock-up on more than 282 million shares, making them free to dump just 5 trading days” as of the report date, showing that “insiders have waived any claim to care about minority shareholders.”
On this news, Core Scientific stock fell $0.72, or 9%, to close at $6.98 on March 3, 2022, hurting investors.
For more information on the basic scientific investigation, go to: https://bespc.com/cases/CORZ
Roblox Corp. (NYSE:RBLX)
On February 3, 2022, The Bear Cave published a report alleging that Roblox’s online platform aimed at children aged six to fourteen is “also the main platform for pedophiles”. The report details various arrests and charges of sexual offenses against minor victims as young as five years old, while “[t]The company has engaged in litigation and intimidation to help cover up allegations of pedophilia on the platform. Additionally, Roblox’s head of security and moderation has been accused of ‘peculiar’ social media activity, including numerous ‘likes’ from sexualized cosplayers and following a ‘hairy porn’ account. and the former Roblox social media manager allegedly ran a porn blog while employed by the Company.
At this news, Roblox shares fell 8.5% during intraday trading on February 3, 2022.
For more information on the Roblox survey, visit: https://bespc.com/cases/RBLX
Agrify Corporation (NASDAQ:AGFY)
On December 16, 2021, during trading hours, market analyst Bonitas Research released a report regarding Agrify which alleges several issues within the company, including that “[w]We believe Agrify has created artificial demand for its product by funding undisclosed insiders of the company to act as independent customers. Further, the report alleges that “Agrify insiders lied to investors about the independence of its client base in order to execute a questionable stock promotion for personal enrichment at the expense of minority shareholders.”[,]” and that “[e]Evidence showed that five (5) of Agrify’s eight (8) customer announcements in 2021 involved either undisclosed company insiders or unlicensed and unproven operators.
At this news, Agrify’s common stock price fell sharply during intraday trading on December 16, 2021.
For more information on the Agrify survey, visit: https://bespc.com/cases/AGFY
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation before state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertisement. Prior results do not guarantee similar results.
Bragar Eagel & Squire, CP
Brandon Walker, Esq.
Alexandra B. Raymond, Esq.