A Coinbase shareholder has archived a securities class action lawsuit against Coinbase for allegedly misleading investors prior to its public listing on the company’s financial status and its resilience as a crypto trading platform.

Filed by the Scott + Scott law firm in the Northern California District Court on Thursday, the class action lawsuit names Coinbase shareholder Donald Ramsey as the plaintiff, both individually and on behalf of all other like-minded investors.

Ramsey is pursuing its claims under the United States Securities Act and has presented evidence drawn from Coinbase’s regulatory filings with the Securities and Exchange Commission (SEC), company press releases, analyst reports, and other. publicly disclosed information about the exchange.  READ MORE....