Express
Pomerantz Law Firm Announces the Filing of a Class Action Against Coinbase
Summary: Pomerantz LLP announces that a class action lawsuit has been filed against Coinbase Global, Inc. (NASDAQ: COIN) and certain of its officers. The class action, filed in the United States District Court for the Northern District of California. Plaintiff pursues claims against the Defendants under the Securities Act of 1933. The complaint alleges that, the ...
Pomerantz LLP announces that a class action lawsuit has been filed against Coinbase Global, Inc. (NASDAQ: COIN) and certain of its officers. The class action, filed in the United States District Court for the Northern District of California. Plaintiff pursues claims against the Defendants under the Securities Act of 1933.
The complaint alleges that, the Offering Materials were false and misleading and omitted to state that, at the time of the Offering: (1) the Company required a sizeable cash injection; (2) the Company's platform was susceptible to service-level disruptions, which were increasingly likely to occur as the Company scaled its services to a larger user base; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
By Amy Liu
Tags: Coinbase,Lawsuit,Pomerantz
Link: Pomerantz Law Firm Announces the Filing of a Class Action Against Coinbase [Copy]
