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 Illinois Intelligencer 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 Illinois Intelligencer.
More InformationWashington [US], February 8 (ANI): Russia's Foreign Minister Sergey Lavrov's remark that the war is "started by the West," is ...
Half of the people are ?angry? about what they view as the country's mismanagement, a new survey showsOver two-thirds of ...
Field Level Media's Golf Glance provides weekly news and storylines from each of the major North American golf tours. PGA ...
The PGA of America named former Topgolf executive Craig Kessler its chief operating officer on Wednesday. Kessler begins the job ...
Indore (Madhya Pradesh) [India], February 8 (ANI): For Maharashtra weightlifter Akanksha Vyavhare, the TOPS weightlifting athlete, who dreams of becoming ...
Hong Kong, February 8 (ANI): The Chinese spy balloon episode will have far-reaching consequences on US-China bilateral ties. This can ...
Rescue teams in Turkey and Syria continue the search for survivors of the catastrophic earthquake that hit the region on ...
WASHINGTON D.C.: The Biden administration has indicated that it could end federal protection for grizzly bears in the northern Rocky ...
MANILA, Philippines: The Philippines has granted the United States four more locations to open military bases, U.S. Defense Secretary Lloyd ...
WASHINGTON, DC - The global community has extended aid to Turkey and Syria following the devastating earthquakes that hit the ...
WASHINGTON D.C.: US lawmakers have called on the Department of Energy to release documents detailing attempts by Russian hackers to ...
Photo credit: Ercin Erturk / Anadolu AgencyThe death toll from Monday's massive 7.8 magnitude earthquake in Turkey and Syria has ...