According to the lawsuit, Gemini is accused of making actionable misstatements. That deceived investors. They allegedly promoted Gemini Earn as a secure method for storing crypto assets and earning interest. However, it’s claimed that Gemini omitted crucial information about the associated risks. Including details about its partner and borrower, Genesis Global Capital, LLC. The lawsuit asserts that the defendants violated securities laws by failing to register as an exchange. Additionally, they are accused of not registering as a broker-dealer. As a result, they are alleged to have offered and sold unregistered securities. Additionally, they are accused of not providing the necessary registration statements for these securities. These registration statements would have played a crucial role in informing investors about the risks and other essential information pertaining to their investments. Such disclosure could have provided a broader understanding of the investment landscape.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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