Publicly available records indicate that a class action lawsuit has been filed on behalf of investors in The Crypto Company (OTC:CRCW) in connection to alleged violations of securities laws by CRCW. Fitapelli Kurta is interested in speaking to investors who have complaints regarding investments made in The Crypto Company from August 21, 2017 until December 18, 2017.
The class action complaint specifically alleges that during the period in question, CRCW might have provided false and/or misleading material information, and/or failed to disclose adverse material information, namely: that the company participated in an illicit stock promotion and inflation scheme; and that consequently its statements to the public during the relevant period were false and misleading. The Securities and Exchange Commission (SEC) temporarily suspended trading of CRCW on December 19, 2017 as a result of concerns of stock manipulation stemming from 17,000% growth in CRCW in a span of three months. The SEC announced its concerns about “the accuracy and adequacy of information in the marketplace” regarding compensation CRCW had paid for stock promotion as well as certain statements made in SEC filings regarding plans by company insiders to sell their shares. When trading was suspended, CRCW traded at $575/share; the suspension was in effect until January 3, 2018.
According to the company’s website, The Crypto Company “provides institutions and individuals direct exposure to the growth of global blockchain developments.” It provides consulting services to “blockchain entrepreneurs, businesses and governments… committed to… blockchain technologies,” blockchain infrastructure technology and “platform projects,” and portfolio advice.
A class action lawsuit has already been filed in connection with The Crypto Company. If you wish to serve as lead plaintiff in the CRCW lawsuit, you must move the Court no later than February 20, 2018. If you wish to join the litigation, please contact Marc Fitapelli at 212-658-1501 or Jonathan Kurta at 212-658-1502. There is no cost or obligation to you and your ability to share in any recovery does not require that you serve as a lead plaintiff.