Rosen Law Firm Reminds Coinbase Global, Inc. (COIN) Investors of the Important November 12, 2024 Lead Plaintiff Deadline in the Securities Class Action

NEW YORK, Oct. 26, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Coinbase Global, Inc. (NASDAQ: COIN) between April 14, 2021 and July 25, 2024, both dates inclusive (the “Class Period”), of the important November 12, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.

A securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of Coinbase Global, Inc. (NASDAQ: COIN) securities, against the Company, certain of its officers, and the underwriters of the Company’s April 2021 initial public offering, alleging violations of the Securities Act of 1933. If you purchased Coinbase securities during the Class Period, you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

The complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) in 2020, the United Kingdom’s Financial Conduct Authority (“FCA”) had deemed efforts by Coinbase’s British unit, CB Payments Limited (“CBPL”), to prevent criminals from using its platform, to be inadequate; (2) as a result, the FCA reached an agreement with CBPL, which put requirements in place that were designed to prevent high risk customers from using CBPL’s platform; (3) CBPL then breached that agreement, which resulted in 13,416 high risk individuals receiving services; (4) the foregoing resulted in an undisclosed heightened regulatory risk; and (5) as a result, defendants statements about its business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit is a civil action filed on behalf of a large group of people who have suffered a common injury. If you purchased Coinbase securities during the Class Period, you may join the class action by contacting the律師事務所named in the notice or by submitting a form on the律師事務所website. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

The律師事務所handling this class action has a long and successful track record of representing investors in securities class actions and has recovered hundreds of millions of dollars for investors. The律師事務所has also achieved the largest ever securities class action settlement against a Chinese Company.

This notice may be considered Attorney Advertising in certain jurisdictions. Prior results do not guarantee a similar outcome in future matters.