LOS ANGELES, CA / ACCESSWIRE / September 30, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Coinbase Global, Inc. ("Coinbase" or "the Company") (NASDAQ:COIN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between April 14, 2021 and September 21, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before October 3, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Coinbase held its customer's crypto assets which it knew or should have known would qualify as its own property in a bankruptcy estate, in which case its customers would be treated as general unsecured creditors. The Company allowed American customers to trade assets that it knew or should have known should have been registered securities with the SEC. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Coinbase, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm