Rosen Law Firm Reminds Coinbase Global, Inc. (COIN) Investors of Important November 12, 2024 Lead Plaintiff Deadline in Securities Class Action

NEW YORK, Nov. 03, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Coinbase Global, Inc. (NASDAQ: COIN) between April 14, 2021 and July 25, 2024, both dates inclusive (the “Class Period”), of the important November 12, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.

A class action lawsuit has been filed on behalf of those who purchased Coinbase Global, Inc. (NASDAQ: COIN) securities between April 14, 2021 and July 25, 2024, both dates inclusive. The lawsuit alleges that throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) in 2020, the United Kingdom’s Financial Conduct Authority (“FCA”) had deemed efforts by Coinbase’s British unit, CB Payments Limited (“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 statements about its business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Lead Plaintiff Deadline

The Class has filed a motion for lead plaintiff, which must be approved by the Court. The deadline to apply to be lead plaintiff is November 12, 2024, and any member of the Class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

If you wish to serve as lead plaintiff, you must move the Court no later than November 12, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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