COINBASE GLOBAL, INC. SHAREHOLDERS MAY HAVE AN OPPORTUNITY TO RECOVER THEIR INVESTMENT LOSSES
Coinbase Global, Inc.
Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating Coinbase Global, Inc. (“Coinbase” or the “Company”) (NASDAQ: COIN) concerning the Company’s possible violations of federal securities laws.
If you own Coinbase stock and would like to discuss your legal rights and options, please contact Peter Allocco at (212) 951-2030 or firstname.lastname@example.org.
On March 22, 2023, Coinbase said in a regulatory filing that it received a Wells notice from the Securities and Exchange Commission (“SEC”) stating that SEC staff had made a “preliminary determination” to recommend an enforcement action against the largest U.S. crypto exchange for violations of federal securities laws.
On this news, shares of Coinbase common stock dropped $6.85 per share, or over 8%, to close at $77.14 per share on March 22, 2023.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
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