Popular on EntSun
- Commercial Center Community Fundraiser & Open House Free to The Public
- Innovative Airbnb Realtor Specialization Program Launches
- John Denver Tribute at North Coast Repertory Theatre
- New York Notary Signing Services Leads the Way in State Apostille and Authentication Services
- Aquia Inc. Selected to Support the U.S. Air Force and DoD's Platform One CNAP Team on its Mission to Modernize Federal Government's Cybersecurity
- Why Netflix and Urban Meyer Believe Millionaire Entrepreneur and NFL Veteran Brandon Siler is a Transformational Leader
- Atlas Conglomerate of Ridiculous Proportions LLC Takes Legal Action Against NFT Technologies, Inc. for Breach of Contract
- Times Square In 3D - Releasing on DVD November 7th, 2023
- The 15th annual edition of the Hola México Film Festival presented by Toyota to take place September 29 - October 7 during Hispanic Heritage Month
- Emmy Winner and Athlete Rebecca Rusch Announces Charity Cycling Event
Similar on EntSun
- The 2023 CGI Integrated Care Conference Explores Opportunities in Healthcare Improvement Discovered as a Result of the COVID-19 Pandemic
- Autonomous eVTOLs $25 Billion Market by 2030
- Material Capital Partners Completes Exit of The Preserve at Sweetwater, Expands BFR Pipeline in the Southeast
- North Carolina Entrepreneur Awarded 2023 Small Business Advocate of the Year By NSBA
- Customer Agility Framework™ soft launch
- Sparkling Logic Launching Generative AI-Powered Tool for Decision Management
- 5 Steps to an Exceptional Presentation
- SHO-TEK Expands Nationwide PMO Consulting Services; Launches Free PMO Assessment Tools
- Pizza Hut Joins Colony Ridge Communities, Amplifying the Neighborhood's Vibrant Offerings!
- Namify's Innovative Organization Name Generator Redefines Branding
INVESTOR DEADLINE: Coinbase Global, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - COIN
EntSun News/10949384
SAN DIEGO, Aug. 5, 2022 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Coinbase Global, Inc. (NASDAQ: COIN) securities between April 14, 2021 and July 26, 2022, inclusive (the "Class Period") have until October 3, 2022 to seek appointment as lead plaintiff in the Coinbase class action lawsuit. Captioned Patel v. Coinbase Global, Inc., No. 22-cv-04915 (D.N.J.), the Coinbase class action lawsuit charges Coinbase and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff, please provide your information here:
https://www.rgrdlaw.com/cases-coinbase-global-inc-class-action-coin.html
You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].
CASE ALLEGATIONS: The Coinbase class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Coinbase custodially held crypto assets on behalf of its customers, which assets Coinbase knew or recklessly disregarded could qualify as the property of a bankruptcy estate, making those assets potentially subject to bankruptcy proceedings in which Coinbase's customers would be treated as Coinbase's general unsecured creditors; (ii) Coinbase allowed Americans to trade digital assets that Coinbase knew or recklessly disregarded should have been registered as securities with the U.S. Securities and Exchange Commission ("SEC"); and (iii) the foregoing conduct subjected Coinbase to a heightened risk of regulatory and governmental scrutiny and enforcement action.
More on EntSun News
On May 10, 2022, Coinbase disclosed that: "Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors." Following this disclosure, the price of Coinbase Class A common stock fell by more than 26%.
Then, on July 25, 2022, Bloomberg reported that Coinbase is facing an SEC probe into whether it improperly let Americans trade digital assets that should have been registered as securities. On this news, the price of Coinbase Class A common stock fell by an additional 21%, further damaging investors.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Coinbase securities during the Class Period to seek appointment as lead plaintiff. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Coinbase class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Coinbase class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Coinbase class action lawsuit.
More on EntSun News
ABOUT ROBBINS GELLER: Robbins Geller is one of the world's leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone – more than triple the amount recovered by any other plaintiffs' firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
https://www.rgrdlaw.com/services-litigation-securities-fraud.html
Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Contact:
Robbins Geller Rudman & Dowd LLP
655 W. Broadway, Suite 1900, San Diego, CA 92101
J.C. Sanchez, 800-449-4900
[email protected]
SOURCE Robbins Geller Rudman & Dowd LLP
If you suffered substantial losses and wish to serve as lead plaintiff, please provide your information here:
https://www.rgrdlaw.com/cases-coinbase-global-inc-class-action-coin.html
You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].
CASE ALLEGATIONS: The Coinbase class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Coinbase custodially held crypto assets on behalf of its customers, which assets Coinbase knew or recklessly disregarded could qualify as the property of a bankruptcy estate, making those assets potentially subject to bankruptcy proceedings in which Coinbase's customers would be treated as Coinbase's general unsecured creditors; (ii) Coinbase allowed Americans to trade digital assets that Coinbase knew or recklessly disregarded should have been registered as securities with the U.S. Securities and Exchange Commission ("SEC"); and (iii) the foregoing conduct subjected Coinbase to a heightened risk of regulatory and governmental scrutiny and enforcement action.
More on EntSun News
- Mil-Spec Safety & Security Launches New Website
- Trinity Prairie Real Estate Lists Mesmerizing 16.78-Acre Estate in Colleyville, Texas
- One Magical Weekend Unveils the Official Pride Party of Orlando Pride 2023 at The Abbey
- Rhody Rug Revolutionizes Online Shopping Experience with the Launch of their New Direct-to-Consumer Website
- Long Island businessman turned recording artist, John Beyer, to release his first love song aptly titled, …"Love You More"
On May 10, 2022, Coinbase disclosed that: "Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors." Following this disclosure, the price of Coinbase Class A common stock fell by more than 26%.
Then, on July 25, 2022, Bloomberg reported that Coinbase is facing an SEC probe into whether it improperly let Americans trade digital assets that should have been registered as securities. On this news, the price of Coinbase Class A common stock fell by an additional 21%, further damaging investors.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Coinbase securities during the Class Period to seek appointment as lead plaintiff. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Coinbase class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Coinbase class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Coinbase class action lawsuit.
More on EntSun News
- The 2023 CGI Integrated Care Conference Explores Opportunities in Healthcare Improvement Discovered as a Result of the COVID-19 Pandemic
- Exploring the World of Web3? Lympid Puts Users Front and Center
- DEVONESE is shaking the music industry with Party and Big Weight!
- Scientology Network Marathon Promotes Peace through the Power of Human Rights
- The Gregangelo Museum Presents its Halloween Haunted House
ABOUT ROBBINS GELLER: Robbins Geller is one of the world's leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone – more than triple the amount recovered by any other plaintiffs' firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
https://www.rgrdlaw.com/services-litigation-securities-fraud.html
Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Contact:
Robbins Geller Rudman & Dowd LLP
655 W. Broadway, Suite 1900, San Diego, CA 92101
J.C. Sanchez, 800-449-4900
[email protected]
SOURCE Robbins Geller Rudman & Dowd LLP
0 Comments
Latest on EntSun News
- Instant Gourmet Coffee With The Authentic Taste & Refreshing Smell Of Cafe De Olla, Infused With The Wonderful Health Benefits Of Superfoods
- Berlin Packaging Fires Female Executive Following Complaints of Discrimination
- Falcomm selected for 2023 TechCrunch Startup Battlefield 200
- Introducing BREAKDOWN S/S 24: CFDA Member JKEEFER's Debut at NYFW
- Patton Acquires Tone Commander
- Customer Agility Framework™ soft launch
- Atlanta Distillery Announces Exclusive Vodka Partnership With The Fox Theatre
- New Kickstarter Campaign - 7 Exclusive Novels from Ray Keating
- Moolwan releases 10 new Home Decor Items to help customers decorate their homes into opulent masterpieces
- City of Fairfax triples access to public restrooms with innovative high tech solution
- Introducing Hello Tailr: The new time saving clothing alterations door to door service
- Some Ohio Filmmakers Invite You On An Unforgettable Journey to the Afterlife
- Sparkling Logic Launching Generative AI-Powered Tool for Decision Management
- 5 Steps to an Exceptional Presentation
- SHO-TEK Expands Nationwide PMO Consulting Services; Launches Free PMO Assessment Tools
- Enchanted Entertainment are off to Neverland this Christmas with Peter Pan at Tyne Theatre & Opera
- Axiros ACS solution enables Earth Broadband to manage multiple client devices and CPE on AX69
- Art Exhibition - David Mackenzie: Outside the Lines
- Erica Collins Legendary Pioneer Plus Model Presents Inaugural AI Plus Size Curvy Full Figured Fall Fashion Show
- Private Offices, Virtual Offices & Meeting Room in Calgary Alberta