The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of The Crypto Company (OTCMKTS: CRCW) who purchased shares between August 21, 2017 and December 18, 2017. The action, which was filed in the United States District Court for the Central District of California, alleges that the Company violated federal securities laws.
In particular, the complaint alleges 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.
Shareholders have until February 20, 2018 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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