برائن آرمسٹرانگ، کوائن بیس کے پال گریوال کو NASDAQ لسٹنگ پر سیکیورٹیز کلاس ایکشن کا سامنا ہے

Coinbase and its top executives, Brian Armstrong and Paul Grewal, are facing a سیکیورٹیز کلاس ایکشن مقدمہ over its NASDAQ falling. A shareholder of Coinbase has reportedly filed this case against the leading cryptocurrency exchange for purportedly misleading investors ahead of its public listing about the financial condition of the company and its pliability as a crypto trading platform. 

Coinbase and Top Executives Brian Armstrong and Paul Grewal Faces Class Action over NASDAQ Listing

The class action was filed on Thursday by Scott + Scott, a law firm in the California Northern District Court, and it names Donald Ramsey, one of the shareholders of Coinbase as a plaintiff, both individually and on behalf of all other investors.

Ramsey has reportedly traced his claims against the firm under the United States Securities Act and has dispensed evidence that is drawn from the ریگولیٹری فائلنگز of Coinbase with the US SEC, press releases, and other information that is publicly available.

As revealed, Ramsey is accusing Coinbase, its CEO Brian Armstrong, and CLO Paul Grewal of making “materially misleading statements” in their offering brochures at the time of their لسٹنگ. 

The Class Action Faced by the Crypto Exchange

The class action alleges:

“At the time of the Offering: (1) the Company required a sizeable cash injection; (2) the Company’s platform was susceptible to service-level disruptions, which were increasingly likely to occur as the Company scaled its services to a larger user base.”

In addition to this, the class action gathers evidence from peer media reports shared in May and cites a report from Forbes on the bond sale announcement that said:

ممکن ہے کہ سرمایہ کاروں کو بھی اس معاملے کے وقت سے حیرت ہوئی ، کیوں کہ اس بات پر غور کرتے ہوئے کہ کوئین بیس اپریل کے وسط میں ایک براہ راست فہرست (جس میں نئے حصص جاری کرنا یا سرمایہ بڑھانا شامل نہیں ہے) کے ذریعہ عام ہوا ، اور اس بات کا اشارہ کرتے ہوئے کہ اسے نقد رقم کی ضرورت نہیں ہے۔ لہذا کمپنی کے ایک ماہ کے بعد تھوڑی دیر میں بانڈز جاری کرنے کا فیصلہ ممکنہ طور پر کچھ سوالات اٹھا رہا ہے۔