NEW
YORK, Feb. 10, 2025 /PRNewswire/ -- Kuehn
Law, PLLC, a shareholder litigation law firm, is investigating
whether certain officers and directors of
Coinbase Global, Inc. (NASDAQ:
COIN) breached their fiduciary duties to
shareholders.
According to a federal securities lawsuit, Coinbase
insiders caused the company to misrepresent or fail to disclose
that (1) In 2020, the United
Kingdom's Financial Conduct Authority ("FCA") had deemed
efforts by CB Payments Limited ("CBPL"), part of the
Coinbase Group, 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, statements about its business, operations and prospects
were materially false and misleading and/or lacked a reasonable
basis at all relevant times.
If you currently own COIN and purchased prior to April 14, 2021
please contact Justin Kuehn,
Esq. here, by email at justin@kuehn.law or
call (833) 672-0814. Kuehn Law
pays all case costs and does not charge its investor clients.
Shareholders should contact the firm immediately as there may be
limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved,
you contribute to the integrity and fairness of the financial
markets. Your investment. Your voice. Your
future.™
For additional information, please visit Shareholder Derivative
Litigation - Kuehn Law.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
justin@kuehn.law
(833) 672-0814
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SOURCE Kuehn Law, PLLC
