Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Coinbase Global Inc. (“Coinbase”) (NASDAQ: COIN) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the direct listing on or around April 14, 2021 (the “Direct Listing”).
The complaint alleges that, in the Registration Statement, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Coinbase required a sizeable cash injection; (2) Coinbase’s platform was susceptible to service-level disruptions, which were increasingly likely to occur as Coinbase scaled its services to a larger user base; and (3) as a result of the foregoing, Defendants’ positive statements about Coinbase’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On March 5, 2025, Lead Plaintiff filed a Notice of Voluntary Dismissal. This action has concluded.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.