RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased The Crypto Company (OTC: CRCW) (“Crypto” or the “Company”) securities between August 21, 2017 and December 18, 2017, inclusive (the “Class Period”).
Crypto shareholders may, no later than February 20, 2018, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of Yelp and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
Crypto is engaged in the business of advising regarding, investing in, trading and developing proprietary source code for digital assets with diversified exposure to digital asset markets. The Company’s core services include consulting and advising companies regarding investment and trading in the digital asset market and investing in a manner that diversifies exposure to the growing class of digital assets.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Crypto unlawfully engaged in a scheme to promote and manipulate the Company’s stock; and (ii) as a result, Crypto’s public statements were materially false and misleading at all relevant times.
On December 19, 2017, the SEC temporarily suspended Crypto stock from trading due to concerns that the stock was being manipulated after the shares surged more than 17,000% in less than 3 months. The SEC said it was alarmed about “the accuracy and adequacy of information” relating to the compensation paid for promotion of its and statements in SEC filings about the plans of the Company’s insiders to sell their stock. Crypto stock was trading at $575 per share at the time trading was suspended and the suspension will remain in effect until January 3, 2018.
If you are a member of the class, you may, no later than February 20, 2018, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as “lead plaintiff.” Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain RM LAW, P.C. or other counsel of your choice, to serve as your counsel in this action.