Rosen Law Firm Announces Investigation of Potential Securities Claims Against Immutable Resulting from Allegations that Immutable May Have Issued Materially Misleading Business Information to the Investing Public

NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims against Immutable resulting from allegations that Immutable may have issued materially misleading business information to the investing public.

A global investor rights law firm, announces an investigation of potential securities claims against Immutable in connection with allegations that Immutable may have issued materially misleading business information to the investing public.

The investigation concerns whether Immutable violated federal securities laws in connection with the listing and sale of IMX tokens in 2021. Specifically, Immutable is being investigated for whether it failed to register the IMX tokens as securities, failed to disclose material information to investors, and made false or misleading statements about the IMX tokens and Immutable's business.

On November 1, 2024, Immutable disclosed in a blog post that the Securities and Exchange Commission (SEC) had notified Immutable that the SEC staff intends to recommend that the SEC bring an enforcement action against Immutable relating to its sales of IMX tokens. The SEC staff’s position is subject to review by the SEC’s five commissioners. Immutable stated that it believes the SEC staff investigation “are targeting the listing and private sales of IMX in 2021.”

Investors who purchased IMX tokens and want to learn more about their legal rights are encouraged to contact the legal professionals at the Rosen Law Firm.

Investors who purchased IMX tokens are encouraged to contact Phillip Kim, Esq. of the Rosen Law Firm toll-free at 866-767-3653 or via email at case@rosenlegal.com for information on the class action.

A class action lawsuit is a legal action filed on behalf of a large group of people who have all been similarly wronged. It is a way for investors to join together and seek compensation for their losses without having to pay any out of pocket fees or costs.

The Rosen Law Firm is a global investor rights law firm that represents investors throughout the world concentrating its practice in securities class actions and shareholder derivative litigation.

The firm has achieved the largest ever securities class action settlement against a Chinese Company at the time.

The firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors.

In 2019 alone the firm secured over $438 million for investors.

In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar.

Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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