Full article here
Coinbase is facing a lawsuit filed by an investor who alleges that executives and board members used inside information to sell stock before the company's share price plummeted. The complaint, which seeks the return of "ill-gotten gains" from several individuals including the chairman and CEO, claims that they avoided more than $1 billion in losses by selling off $2.9 billion in stock within days of the cryptocurrency platform's public listing two years ago. The lawsuit also accuses Coinbase of using a direct listing instead of a typical initial public offering. Coinbase denies the allegations, calling them "meritless".
[link] [comments] https://www.reddit.com/r/stocks/comments/135h89j/coinbase_coin_insiders_including_chairman_sued/
Login to add comment
Other posts in this group
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
