Pomerantz LLP Investigates Claims of Securities Fraud by Coinbase Global, Inc. (NASDAQ COIN)
Pomerantz LLP is investigating claims of securities fraud against Coinbase Global, Inc. on behalf of investors following a Wells notice from the SEC.
Pomerantz LLP is investigating claims of securities fraud against Coinbase Global, Inc. on behalf of investors following a Wells notice from the SEC.
Pomerantz LLP Investigates Claims of Securities Fraud by Coinbase Global, Inc. (NASDAQ COIN)
Pomerantz LLP, a law firm with offices in various cities, is conducting an investigation on behalf of investors of Coinbase Global, Inc. The investigation concerns allegations that the company and some of its officers and/or directors have engaged in securities fraud or other unlawful business practices. Investors who have suffered losses are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
Coinbase, a publicly traded company listed on NASDAQ under the symbol COIN, has received a Wells notice from the U.S. Securities and Exchange Commission (SEC). The notice states that SEC staff have made a preliminary determination to recommend an enforcement action against Coinbase for violations of federal securities laws. This disclosure was made by Coinbase in a regulatory filing on March 22, 2023.
Following this news, the stock price of Coinbase fell by more than 8%, or $6.85 per share, to close at $77.14 per share on March 22, 2023. This decline in stock price has caused concern among investors who may be affected by any potential enforcement action taken against the company.
Pomerantz LLP is recognized as one of the leading firms in corporate, securities, and antitrust class litigation. The firm was founded by Abraham L. Pomerantz over eight decades ago and has since fought for victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. Over the years, Pomerantz has successfully recovered multimillion-dollar damages awards on behalf of class members.