COINBASE DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Coinbase Global, Inc. and Encourages Investors to Contact the Firm
Throughout the Class Period, Defendants continued to tout Coinbase’s strength as a crypto custodian and commitment to regulatory compliance, in addition to denying that Coinbase engaged in any proprietary trading. For example, during a Goldman Sachs financial services conference on December 7, 2021, Defendant Emilie Choi—the Company’s President and Chief Operating Officer—emphasized the Company’s firm policy against proprietary trading, explaining: “I mean I think it’s kind of obvious in a way. It’s just people don’t want to feel like you’re trading -- institutions don’t want to feel like you’re going to be trading against them. And so we’ve always had a clear line about not doing that.”
- Investors have until October 3, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
- Coinbases common stock trades in the United States on the NASDAQ under the ticker symbol COIN.
- The Class Period begins on April 14, 2021, to coincide with the Companys initial listing of common stock on the NASDAQ (the Direct Listing).
- However, the truth began to emerge on May 10, 2022, when Coinbase filed its first quarter 2022 financial report with the SEC.