Lawsuit against Coinbase gains pace as investors urged to file lead plaintiff motion
Amid the ongoing legal woes facing cryptocurrency exchange Coinbase (NASDAQ: COIN), investors who invested in the firm’s stock have been reminded of the deadline to file a lead plaintiff motion in a securities class action lawsuit against the company. In a press statement published on August 31, investors’ rights law firm Bernstein Liebhard noted that the deadline.
The class action has been filed before the United States District Court for the District of New Jersey, where Coinbase is facing accusations of violating the Securities Exchange Act of 1934. Notably, the lead plaintiff, who represents the party acting on behalf of other class members in directing the litigation, has until October 3, 2022. According to the lawsuit, Coinbase allegedly made false and misleading statements regarding its business, operations, and compliance policies.
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