Levi & Korsinsky To Lead Coinbase Investors’ Stock-Drop Suit

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By Hannah Albarazi (October 28, 2021, 5:54 PM EDT) — A California federal judge on Thursday tapped Levi & Korsinsky LLP to lead a proposed class of investors accusing the cryptocurrency platform Coinbase and its top brass of offering false and misleading materials that caused its stock price to plummet after the company debuted in April with an $86 billion valuation.

U.S. District Judge Vince Chhabria appointed investor Hsiu-Mei Yu as lead plaintiff and Levi & Korsinsky as lead counsel in a trio of lawsuits filed over the summer claiming Coinbase Global Inc. hid information about the company’s health from investors, causing a decline in the market value of the company’s securities following…

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