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SAN FRANCISCO, CA / ACCESSWIRE / January 30, 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 law firm immediately for more information regarding the pending securities fraud class action against Gemini. The cutoff to apply to be a lead plaintiff is February 27, 2023.
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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
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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
View source version on accesswire.com:
https://www.accesswire.com/737097/GEMINI-GIA-INVESTOR-ALERT-2272023-Filing-Deadline-in-Securities-Class-Action-Contact-Lieff-Cabraser
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.