Securities Class Action Alert: Coinbase Global, Inc. Investors Urged to Seek Counsel Before Deadline
Investors who purchased securities of Coinbase Global, Inc. (NASDAQ: COIN) between April 14, 2021, and July 25, 2024, are being reminded by the Rosen Law Firm to take action before the lead plaintiff deadline of November 12, 2024. This securities class action, initially filed by the Firm, presents an opportunity for affected investors to seek compensation without any out-of-pocket fees or costs through a contingency fee arrangement.
If you were a purchaser of Coinbase securities during the Class Period, you may be entitled to compensation. To participate in the Coinbase class action, you can visit the Rosen Law Firm website or contact Phillip Kim, Esq. via phone or email for more information on how to proceed. It is crucial to act promptly if you wish to serve as lead plaintiff in this case, as the deadline for doing so is November 12, 2024.
Why Choose Rosen Law Firm
When selecting legal counsel for securities class actions, it is essential to choose a firm with a proven track record of success in leadership roles. The Rosen Law Firm stands out as a global investor rights law firm that specializes in securities class actions and shareholder derivative litigation. With a history of securing significant settlements for investors and a team of experienced attorneys, Rosen Law Firm is well-equipped to represent the interests of those affected by the Coinbase securities class action.
Details of the Coinbase Case
According to the lawsuit, defendants in the case are accused of making materially false and misleading statements during the Class Period. Specifically, it is alleged that in 2020, the United Kingdom’s Financial Conduct Authority (FCA) found Coinbase’s British unit, CB Payments Limited (CBPL), to have inadequate measures in place to prevent criminal activity on its platform. Subsequently, an agreement was reached between the FCA and CBPL to address these deficiencies, but CBPL allegedly breached this agreement by providing services to high-risk individuals.
This breach of regulatory requirements resulted in heightened regulatory risk for Coinbase, which was not adequately disclosed to investors. As a result, the lawsuit claims that investors suffered damages when the true details of the situation came to light.
How to Take Action
To join the Coinbase class action and seek potential compensation, investors can visit the Rosen Law Firm website or contact Phillip Kim, Esq. for assistance. It is important to note that no class has been certified yet, so investors are not represented by counsel unless they choose to retain one. Investors may also choose to remain as absent class members, with the option to participate in any potential future recovery without serving as lead plaintiff.
For the latest updates on the Coinbase securities class action, investors can follow the Rosen Law Firm on social media platforms such as LinkedIn, Twitter, and Facebook. By staying informed about the progress of the case, investors can make informed decisions about their participation and potential recovery.
In conclusion, for investors who purchased Coinbase securities during the specified Class Period, seeking counsel and exploring options for potential compensation is advisable before the upcoming deadline. The Rosen Law Firm’s expertise in securities class actions and its track record of success make it a reliable choice for investors looking to protect their interests in this case. Don’t hesitate to take action and secure your rights as an investor in the Coinbase Global, Inc. securities class action.