COIN INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Coinbase Global, Inc. Investors with Substantial Losses Have Opportunity to Lead the Coinbase Class Action Lawsuit

Core Viewpoint - A class action lawsuit has been filed against Coinbase Global, Inc. for alleged violations of the Securities Exchange Act of 1934, with a deadline for lead plaintiff applications set for November 12, 2024 [1][3]. Summary by Sections Class Action Details - The lawsuit, titled Castle v. Coinbase Global, Inc., claims that Coinbase and its executives made false or misleading statements and failed to disclose significant regulatory issues related to its British unit, CB Payments Limited [1][3]. - The class period for the lawsuit is defined as April 14, 2021, to July 25, 2024 [1]. Allegations Against Coinbase - Allegations include that the UK's Financial Conduct Authority (FCA) found Coinbase's efforts to prevent criminal use of its platform inadequate, leading to an agreement that was subsequently breached, allowing 13,416 high-risk individuals to access services [3]. - On July 25, 2024, the FCA fined CB Payments Limited £3,503,546 for these breaches, which caused Coinbase's stock price to drop by over 5% [4]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Coinbase securities during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [5]. About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases, and is recognized for securing significant monetary relief [6].