NEW YORK, NY / ACCESSWIRE / January 12, 2017 / Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of The Crypto Company (OTC PINK: CRCW) from August 21, 2017 through December 18, 2017, inclusive (the "Class Period"). The lawsuit seeks to recover damages for The Crypto Company investors under the federal securities laws. To join The Crypto Company class action, go to http://pawarlawgroup.com/cases/the-crypto-company/ or call Vik Pawar, Esq. toll-free at 888-589-9804 or email vik@pawarlawgroup.com for information on the class action.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. You may also remain an absent class member and do nothing at this point. You may retain counsel of your choice.
On December 19, 2017, the Securities and Exchange Commission ("SEC") temporarily suspended trading in the securities of The Crypto Company until January 3, 2018 after shares had risen more than 17,000% in less than three months. The SEC stated there were "concerns regarding the accuracy and adequacy of information in the marketplace" about compensation paid for promotion of the company and statements in SEC filings about plans of company insiders to sell their shares of The Crypto Company's common stock. The SEC also announced that questions have arisen concerning potentially manipulative transactions in The Crypto Company's stock in November 2017.
According to the lawsuit, defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) The Crypto Company unlawfully engaged in a scheme to promote and manipulate the company's stock; and (2) as a result, The Crypto Company's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 20, 2018. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/the-crypto-company/ or to discuss your rights or
interests regarding this class action, please contact Vik Pawar, Esq. of Pawar Law Group toll free at 888-589-9804 or via e-mail at vik@pawarlawgroup.com.
Pawar Law Group represents investors from around the world.
Contact:
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938
info@pawarlawgroup.com
SOURCE: Pawar Law Group
