Judge Says Shareholders' Lawsuit Against Coinbase Can Move Forward
COINCoinbase(COIN) PYMNTS.com·2024-09-07 02:15

A proposed class action lawsuit brought against Coinbase by shareholders is reportedly moving forward.The cryptocurrency exchange’s bid to have the suit dismissed was rejected Thursday (Sept. 5) by U.S. District Judge Brian Martinotti, Reuters reported Friday (Sept. 6).The shareholders allege that Coinbase downplayed the likelihood that it would be sued by the Securities and Exchange Commission (SEC), according to the report.Later, when the SEC sued the firm on June 6, 2023, accusing it of operating an unre ...