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Kessler Topaz Meltzer & Check, LLP Announces Class Action Lawsuit Has Been Filed Against Coinbase Global Inc.
Summary: The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed against Coinbase Global Inc. (NASDAQ: COIN). The complaint alleges that the Offering Materials were false and misleading and omitted to state that, at the time of the Offering: (1) Coinbase required a sizeable ...
The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed against Coinbase Global Inc. (NASDAQ: COIN).
The complaint alleges that the Offering Materials were false and misleading and omitted to state that, at the time of the Offering: (1) Coinbase required a sizeable cash injection; (2) Coinbase's platform was susceptible to service-level disruptions, which were increasingly likely to occur as Coinbase scaled its services to a larger user base; and (3) as a result of the foregoing, the defendants' positive statements about Coinbase's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
By Amy Liu
Tags: Coinbase,law firm,Lawsuit
Link: Kessler Topaz Meltzer & Check, LLP Announces Class Action Lawsuit Has Been Filed Against Coinbase Global Inc. [Copy]
