According to the lawsuit, defendants:
- reaped hundreds of millions of dollars in profits by selling unregistered securities to investors;
- ensured that money stayed on the platform, propping up the market for Moments as well as the overall valuation of NBA Top Shot, by preventing investors from withdrawing their funds for months on end; and
- as a result of defendants’ issuance, promotion, and sale of unregistered securities, investors have suffered significant damages.
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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