Cases
The Crypto Company (OTC BB: CRCW)
Securities Class Action
Overview
Overview
- Date:
- 12/22/2017
- Company Name:
- The Crypto Company
- Stock Symbol:
- CRCW
- Class Period:
- FROM 8/21/2017 TO 12/18/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Central California
NEW YORK, December 22, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired The Crypto Company (OTC BB: CRCW) securities between August 21, 2017 and December 18, 2017 (the “Class Period”). Investors have until February 20, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Crypto Company 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 purchased or otherwise acquired Crypto securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The Crypto Company 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 purchased or otherwise acquired Crypto securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.