ACCESSWIRE
24 Jan 2023, 01:05 GMT+10
SAN FRANCISCO, CA / ACCESSWIRE / January 23, 2023 / National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP recommends that investors who suffered losses from purchasing Gemini Interest Accounts (GIAs') and/or through investing in the Gemini Earn program ('Gemini Earn') of Gemini Trust Company, LLC ('Gemini') from February 2, 2021 through the December 27, 2022, inclusive (the 'Class Period) contact our attorneys immediately regarding pending securities fraud class action against Gemini. The cutoff to apply to be a lead plaintiff is February 27, 2023.
Class Period: February 2, 2021 - December 27, 2022
Lead Plaintiff Motion Deadline: February 27, 2023
Case information: lieffcabraser.com/securities/gemini/
Contact us: Email or text investorinfo@lchb.com or call 1-800-541-7358
Gemini, a crypto asset exchange and lending platform headquartered in New York, New York, offered and sold Gemini Interest Accounts ('GIAs') to investors through Gemini Earn, which allowed investors to lend crypto assets in exchange for interest payments.
When Genesis encountered financial distress as a result of a series of collapses in the crypto market in 2022, including FTX Trading Ltd., Genesis was unable to return the crypto assets it borrowed from Gemini Earn investors. On or about November 16, 2022, Gemini paused the Gemini Earn program and announced it would not be able to honor participants' redemption requests within the service agreement timeframe.
The action alleges that Gemini made materially false and misleading statements about GIAs being a safe method for storing crypto assets and collecting interest payments, and omitted and concealed relevant information concerning the risks associated with Gemini Earn, including information regarding the program partner Genesis Global Capital, LLC. The action also alleges that defendants failed to register Gemini as an exchange and/or broker-dealer, and offered and sold unregistered securities, including GIAs and other crypto assets, on Gemini.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with over 120 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a 'Plaintiffs' Powerhouse' by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $127 billion in verdicts and settlements. For over 50 years, Lieff Cabraser has remained committed to ensuring access to justice for all.
Source/Contact
Sharon Lee
Lieff Cabraser Heimann & Bernstein, LLP
415 956-1000
slee@lchb.com
SOURCE: Lieff Cabraser Heimann & Bernstein
Get a daily dose of Memphis Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Memphis Sun.
More InformationWASHINGTON D.C.: The Biden administration has stopped issuing export licenses to US companies seeking to ship most items to China's ...
Nearly a year in, the war in Ukraine has cost tens of thousands of lives and brought the world to ...
WASHINGTON D.C.: The US House of Representatives has passed a bill that limits the ability of US Energy Secretary Jennifer ...
BOSTON, Massachusetts: Russian businessman Vladislav Klyushin, who has ties to the Kremlin, has been accused of making tens of millions ...
TOKYO, Japan: In light of a tense security environment following Russia's invasion of Ukraine and Moscow's growing military cooperation with ...
DALLAS, Texas: Oil and gas pipeline operators are preparing to stockpile equipment following severe weather forecasts for the next few ...
OSLO, Norway: Ending a three-year run of profits as stock and bond prices were hit by rising inflation and Russia's ...
NEW YORK, New York - Strong economic data failed to stem profit-taking on the major U.S. bourses on Friday, while ...
WASHINGTON D.C.: The US has again asked Mexico to investigate claims that workers at an auto parts facility of American ...
WASHINGTON D.C.: Tesla confirmed this week that the US Justice Department has requested documents related to its Full Self-Driving and ...
TOKYO, Japan: Toyota has announced that it sold 10.5 million vehicles in 2022, maintaining its position as the world's top-selling ...
NEW YORK, New York - Technology stocks had a hay day Thursday with Facebook parent Meta rocketing up nearly 30 ...