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

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 all purchasers of Coinbase Global, Inc. (NASDAQ: COIN) securities during the period April 14, 2021 through July 25, 2024, both dates inclusive.

Lead Plaintiff Deadline : November 12, 2024

According to the lawsuit, 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you purchased Coinbase securities during the Class Period, you may move the Court no later than November 12, 2024 to serve as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the class action, go to https://rosenlegal.com/submit-form/?case_id=28116 or contact Phillip Kim, Esq. toll-free at 866-767-3653 or via email at case@rosenlegal.com for information on the class action.

The Rosen Law Firm, P.A., a global investor rights law firm, represents investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation.

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