Coin Investors Have Opportunity to Lead Coinbase Global, Inc. Securities Fraud Lawsuit

Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Coinbase Global, Inc.

BENSALEM, Pa., Oct. 17, 2024 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Coinbase Global, Inc. ("Coinbase" or the "Company") (NASDAQ: COIN).

Coinbase investors suffering losses are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 215-638-4847 or by email to howardsmith@howardsmithlaw.com.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) In 2020, after investigation, the FCA had deemed efforts by 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' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

The complaint alleges, inter alia, that investors purchased or otherwise acquired Coinbase securities between April 14, 2021 and July 25, 2024, inclusive.

The lead plaintiff motion is due on November 12, 2024.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

About the Law Offices of Howard G. Smith

The Law Offices of Howard G. Smith has extensive experience in prosecuting class actions. Our class action attorneys have successfully prosecuted class actions in both state and federal courts and have recovered hundreds of millions of dollars on behalf of our clients. We handle complex class actions in various areas of litigation including antitrust, consumer fraud, data breach, securities fraud, and environmental torts.

Our class action attorneys are committed to ensuring that our clients receive the best possible legal representation. We take pride in our work and our dedication to our clients has earned us a reputation for excellence in the legal community.

If you have substantial losses and wish to apply to lead the class action, contact the Law Offices of Howard G. Smith, Esquire, at 215-638-4847 or howardsmith@howardsmithlaw.com.

Contacts

Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

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SOURCE Law Offices of Howard G. Smith

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