December 19, 2017
Bernstein Liebhard LLP is investigating whether The Crypto Company (“Crypto” or the “Company”) (OTC: CRCW) and its directors breached their fiduciary duties and/or violated the federal securities laws by making false and/or misleading statements or omissions regarding the Company’s business.
Crypto engages in the business of advising related to, investing in, trading and developing proprietary source code for digital assets with diversified exposure to crypto currency markets.
On December 19, 2017, the Securities and Exchange Commission (the “SEC”) halted trading in Crypto stock due to concerns that the stock is being manipulated after the shares surged more than 17,000% in less than 3 months. Specifically, the SEC said it was concerned about “the accuracy and adequacy of information” about, among other things, the compensation paid for promotion of the company and statements in SEC filings about the plans of Crypto’s insiders to sell their shares of common stock. Crypto’s stock was trading at $575 per share at the time trading was halted. The suspension remains in effect until January 3, 2018 at midnight.
If you are interested in discussing your rights as a Crypto shareholder, and/or have information relating to the matter, please contact Peter J. Harrington at (877) 779-1414 or pharrington@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3.5 billion for its clients. The Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times.
