NEW
YORK, Aug. 31, 2022 /PRNewswire/ -- The Samuel
Law Firm announces that purchasers or acquirers of Coinbase Global,
Inc. (NASDAQ: COIN) securities between April
14, 2021 and May 13, 2021,
inclusive (the "Class Period") have until October 28, 2022 to seek appointment as lead
plaintiff in Alicandro v. Coinbase Global, Inc., No.
22-cv-6816 (S.D.N.Y.) The Coinbase class action lawsuit
charges Coinbase and certain of its top executives, directors and
early private investors with violations of the Securities Exchange
Act of 1934 and the Securities Act of 1933.
If you suffered substantial losses and wish to serve as lead
plaintiff, please provide your information here:
https://michael8e73c7.clickfunnels.com/coinbase-form
You may also contact attorneys Michael Samuel or Andrew
Beresin at the Samuel Law Firm by calling (212) 563-9884 or
via e-mail at michael@thesamuellawfirm.com or
andrew@samuelandstein.com.
CASE ALLEGATIONS: The Coinbase class action
lawsuit alleges that in advance of the April
2021 direct listing public offering of Coinbase common
stock, defendants made false or misleading statements and failed to
disclose that Coinbase insiders intended to sell Coinbase shares as
early as April 14, 2021, the first
day of public trading in Coinbase stock.
On multiple occasions between February
25, 2021, and April 14, 2021,
Coinbase disclosed that "there can be no assurance that any
registered stockholders or other existing stockholders will sell
any of their shares of Class A common stock" and "there may
initially be a lack of supply of, or demand for, shares of Class A
common stock on the Nasdaq Global Select Market…."
Coinbase also repeatedly disclosed during that same period that
"we have not consulted with registered stockholders or other
existing stockholders regarding their desire or plans to sell
shares in the public market following the listing…."
On April 14, 2021, the first day
of public trading in Coinbase common stock, six officers or
directors who personally signed those disclosures, along with three
other Coinbase insiders sold in excess of seven million shares of
Coinbase Class A common stock, including more than 1.3 million
shares at the Market opening that day, collectively receiving more
than $2.7 Billion in proceeds from
such sales.
THE LEAD PLAINTIFF PROCESS: The Private Securities
Litigation Reform Act of 1995 permits any investor who purchased or
acquired Coinbase securities during the Class Period to seek
appointment as lead plaintiff. A lead plaintiff is generally the
movant with the greatest financial interest in the relief sought by
the putative class who is also typical and adequate of the putative
class. A lead plaintiff acts on behalf of all other class members
in directing the Coinbase class action lawsuit. The lead
plaintiff can select a law firm of its choice to litigate the
Coinbase class action lawsuit. An investor's ability to
share in any potential future recovery is not dependent upon
serving as lead plaintiff of the Coinbase class action
lawsuit.
ABOUT THE SAMUEL LAW FIRM: The Samuel Law Firm has
substantial experience litigating hundreds of lawsuits, including
collective and class action lawsuits, on behalf of plaintiffs in
the state of New York, both in
state and federal court. Senior counsel, Andrew Beresin, has expertise in securities
fraud matters, as well as significant professional securities
trading experience on Wall Street. Please visit the following page
for more information about The Samuel Law Firm.
www.thesamuellawfirm.com
Attorney advertising.
Past results do not guarantee future outcomes.
CONTACTS
The Samuel Law Firm
1441 Broadway – Suite 6085
New York, NY 10018
Michael Samuel, Esq.
Andrew Beresin, Esq.
(212) 563-9884
Michael@TheSamuelLawFirm.com
Andrew@TheSamuelLawFirm.com
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SOURCE The Samuel Law Firm