New York, New York--(Newsfile Corp. - March 23, 2023) - Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Coinbase Global Inc. ("Coinbase" or the "Company") (NASDAQ: COIN).
INVESTORS OF COINBASE STOCK WHO HAVE SUFFERED LOSSES OF $250,000 OR MORE ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR COINBASE SECURITIES.
Coinbase recently reported that "[o]n March 22, 2023, Coinbase . . . received a 'Wells Notice' from the Staff . . . of the Securities and Exchange Commission . . . stating that the Staff has advised the Company that it made a 'preliminary determination' to recommend that the SEC file an enforcement action against the Company alleging violations of the federal securities laws, including the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), and the Securities Act of 1933, as amended (the 'Securities Act')."
Further, Coinbase reported that "[b]ased on discussions with the Staff, the Company believes these potential enforcement actions would relate to aspects of the Company's spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet. The potential civil action may seek injunctive relief, disgorgement, and civil penalties."
On this news, Coinbase stock was down more than 17% during intraday trading on March 23, 2023.
COINBASE SHAREHOLDERS WHO HAVE SUFFERED FINANCIAL LOSSES OF AT LEAST $250,000 ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
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