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Brian Armstrong, Brian Armstrong sue, class action, Coinbase, coinbase exchange, coinbase lawsuit, coinbase lawsuit, direct listing, IPO, lawsuit, NASDAQ listing, public listing
Cryptocurrency exchange Coinbase, its executives and investors filed a class action lawsuit over the company’s direct listing on Nasdaq. “According to the complaint, the registration statement and prospectus used to implement the company’s issuance are false and misleading,” the lawsuit states.
According to the complaint, the registration statement and prospectus used to implement the company’s issuance are false and misleading.
As the truth about the company’s need to raise cash and the limitations of its platform spread to the market, the value of Coinbase’s stock fell sharply.
What do you think of the lawsuit against Coinbase, its executives and investors? Let us know in the comments section below.
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