In an effort to help investors recover losses due to the recent collapse of UST/Luna, Freedman Normand Friedland LLP filed a class-action lawsuit against Binance US in federal court in San Francisco.&nbsp; You can view the class action complaint, as well as a recent article published in the New York Times about the litigation below.

As an early supporter of and investor in Terraform Labs (TFL), which created and controlled UST/Luna, Binance was intimately familiar with UST/Luna. The class-action lawsuit alleges that Binance US falsely advertised UST as “safe” and “fiat-backed,” and failed to disclose that UST was and is in fact a security, and that Binance US is selling securities, even though there is not registration statement in effect for them and Binance US itself has refused to register with the U.S. Securities and Exchange Commission (SEC) either as a securities exchange or as a broker-dealer. The lawsuit alleges that Binance US’s failure to comply with the securities laws critically enabled bad actors like TFL to harm investors. The lawsuit brings suit under federal and state securities laws based on this alleged misconduct.

If you purchased or held UST/Luna and would like us to evaluate your claim, you can click on the link below to submit your information

UST-Complaint.pdf

Ust Complaint

COMPLAINT

In an effort to help investors recover losses due to the recent collapse of UST/Luna, Freedman Normand Friedland LLP (formerly Roche Freedman LLP) filed a class-action lawsuit against Binance US in federal court in San Francisco.

Binance US

Securities Fraud Class Action Against THE GEO GROUP, INC.

To help shareholders recover losses due to violations of the Securities Exchange Act of 1934 by The GEO Group, Inc. ("GEO") and its CEO, George Zoley, when they made false and/or misleading statements regarding the impact on the company of pending lawsuits against it, Roche Freedman LLP and Levi Korsinsky, LLP are actively litigating Hartel v. The GEO Group, Inc. et al., No. 9:20-cv-81063-RS.&nbsp; The current complaint alleges that Defendants' false and/or misleading statements concealed the truth from the market, causing the company's stock price to trade at artificially inflated levels, and when the truth came out, the stock price crashed - causing shareholders to lose money.

On June 21, 2022, the Honorable Rodney Smith of the United States Court for the Southern District of Florida denied GEO and Zoley's second attempt at dismissing the case.&nbsp; As a result, GEO and Zoley filed an answer to the current complaint on July1, 2022.

On August 19, 2022, Judge Smith issued an order setting a two-week trial beginning August 26, 2024.&nbsp; In addition, the order provided a litigation schedule for the parties to follow.

[DE 046-0] 2021.10.04 -- LP Second Amended Complaint.pdf

[de 046 0] 2021.10.04    Lp Second Amended Complaint

Second Amended Complaint

[DE 063] 2022.06.21 -- Motion To Dismiss Order.pdf

[de 063] 2022.06.21    Motion to Dismiss Order

Order on Motion to Dismiss

If you purchased GEO stock between November 7, 2018 and July 17, 2019, and would like us to evaluate your claim and/or for more information about the lawsuit, please submit your information.&nbsp;

To help shareholders recover losses due to violations of the Securities Exchange Act of 1934 by The GEO Group, Inc. ("GEO") and its CEO, George Zoley, when they made false and/or misleading statements regarding the impact on the company of pending lawsuit...

The GEO Group, Inc.

Securities Fraud Class Action Against J2 Global, Inc.

Freedman Normand Friedland LLP was appointed as lead counsel for the class of investors seeking to recover losses due to violations of the Securities Exchange Act of 1934 by J2 Global, Inc. ("J2"), Vivek Shah, Nehemia Zucker, and R. Scott Turicchi, Espy v. J2 Global, Inc., et al., No. 2:20-cv-09096-FLA-MAA.

The current complaint, filed on April 19, 2021, alleges that Defendants misled investors about the strength of J2's core business of acquiring and integrating companies.&nbsp; Specifically, between October 5, 2015 and June 29, 2020, inclusive, Defendants made materially false and/or misleading statements regarding J2's consolidated financials, and its acquisition of, and investments in, related companies.&nbsp; As a result of those statements, J2 common stock traded at artificially inflated prices throughout the Class Period.&nbsp; But once the truth was revealed, J2's stock suffered a precipitous decline in market value, thereby causing significant losses and damages to shareholders.&nbsp;&nbsp;

Despite adding information from former employees and allegations regarding Defendants' knowledge of their alleged misconduct to the current complaint, the Honorable Fernando L. Aenlle-Rocha of the U.S. District Court for the Central District of California dismissed the complaint without leave to amend.&nbsp; Judge Aenlle-Rocha entered a final judgment in the case on August 31, 2022.&nbsp;&nbsp;

On September 9, 2022, Lead Plaintiff, on behalf of himself and the putative class, filed a Notice of Appeal with the Ninth Circuit Court of Appeals, appealing Judge Aenlle-Rocha's dismissal of the case.&nbsp; The Court of Appeals issued a new docket number, No. 22-55829, and set a briefing schedule for the appeal.&nbsp;

[DE 59-0] 2021.04.19 Second Consolidated Complaint.pdf

[de 59 0] 2021.04.19 Second Consolidated Complaint

[DE 077] 2022.08.08 ORDER GRANTING DEFENDANTS MOTION TO DISMISS SECOND AMENDED.pdf.pdf

[de 077] 2022.08.08 Order Granting Defendants Motion to Dismiss Second Amended.pdf

Order Granting Motion to Dismiss.pdf

If you purchased J2 stock between October 5, 2015 and June 29, 2020, and would like us to evaluate you claim and/or for more information about the lawsuit, please submit your information.&nbsp;&nbsp;

Roche Freedman LLP was appointed as lead counsel for the class of investors seeking to recover losses due to violations of the Securities Exchange Act of 1934 by J2 Global, Inc. ("J2"), Vivek Shah, Nehemia Zucker, and R. Scott Turicchi, Espy v. J2 Global,...

J2 Global, Inc.

Securities Fraud Class Action Against Fennec Pharmaceuticals, Inc.

Freedman Normand Friedland LLP is actively litigating this federal securities class action, Chapman v. Fennec Pharmaceuticals, Inc. et al., No 1:20-cv-00812-UA-JLW, seeking to help shareholders recover losses due to alleged securities fraud between December 20, 2018 and August 10, 2020, inclusive.

The current complaint, filed on February 1, 2021, alleges that Fennec Pharmaceuticals, Inc. ("Fennec") and certain corporate insiders made materially false and/or misleading statements concerning the Companies ability to achieve FDA approval of its New Drug Application ("NDA") for PEDMARK.&nbsp; While Fennec stock was trading at an all-time high in anticipation of FDA approval, the Company announced that it had received a Complete Response Letter, rejecting the NDA for PEDMAREK.&nbsp; As a result of Defendants' wrongful acts and omissions, Fennec stock traded at artificially inflated prices, and when the truth came out, the stock price crashed - causing shareholders to lose money.

On March 30, 2022, Lead Plaintiff filed a motion for post-judgment relief to amend the complaint following the Court's March 2, 2022 order dismissing the case with prejudice.&nbsp; The proposed amended complaint seeks to recover losses on behalf of Fennec shareholders who were adversely affected by alleged securities fraud between December 20, 2018 and November 28, 2021.&nbsp;&nbsp;

If you purchased Fennec stock between December 20,2018 and November 28, 2021, and would like us to evaluate your claim and/or for more information about the lawsuit, please submit your information.

Roche Freedman is actively litigating this federal securities class action, Chapman v. Fennec Pharmaceuticals, Inc. et al., No 1:20-cv-00812-UA-JLW, seeking to help shareholders recover losses due to alleged securities fraud between December 20, 2018 and ...

Fennec Pharmaceuticals, Inc.

Securities Fraud Class Action Against Qutoutiao, Inc.

To help shareholders recover losses due to violations of the federal securities laws, Freedman Normand Friedland LLP is actively litigating In re Qutoutiao, Inc. Securities Litigation, No. 1:20-cv-06707, against Defendants Qutoutiao, Inc. ("QTT"), certain executives and directors of QTT, and companies who served as underwriters for QTT's public offerings.

QTT offers a mobile application called Qutoutiao, meaning "fun headlines" in chinese, that provides a customised feed to its users of aggregated articles and short videos from professional media and freelancers.&nbsp; The current complaint alleges that Defendants violated federal securities laws by issuing materially false and/or misleading information in QTT's offering documents and public statements made between September 14, 2018 and December 16, 2020, inclusive, that artificially inflated its stock price.&nbsp; Specifically, Defendants made statement that: (i) mischaracterized QTT's targeting of users in Tier-3 and Tier-4 cities in China; (ii) inaccurately described the benefits of, and reasons for, replacing QTT's third-party advertising agency; (iii) misleading touted QTT's unsustainable advertising revenue based on illegal content; (iv) misleading touted QTT's 2017 and 2018 revenue; (v) negligently promoted QTT's ability to monetize user traffic; and (vi) failed to adequately warn investors that certain risks that had already materialized at the time of the Company's offerings.&nbsp; When the truth was revealed, QTT's stock suffered a precipitous decline in market value, thereby causing significant losses and damages to shareholders.&nbsp;&nbsp;

If you purchased American Depository Shares ("ADSs") of QTT pursuant or traceable to the Company's September 2018 initial public offering and/or April 2019 secondary public offering; and/or purchased or otherwise acquired QTT securities between September 14, 2018 and December 16, 2020, and would like us to evaluate your claim and/or for more information about the lawsuit, please submit your information.&nbsp;&nbsp;

To help shareholders recover losses due to violations of the federal securities laws, Roche Freedman LLP is actively litigating In re Qutoutiao, Inc. Securities Litigation, No. 1:20-cv-06707, against Defendants Qutoutiao, Inc. ("QTT"), certain executives ...

Qutoutiao, Inc.

On October 14, 2022, Freedman Normand Friedland LLP filed a mass arbitration on behalf of nearly 100 victims of crypto mining scams facilitated on Coinbase’s platform which resulted in the theft of millions of dollars’ worth of crypto assets from victims’ Coinbase Wallet accounts.&nbsp;

As alleged in the demand, the Coinbase Wallet suffered from a significant security flaw that allowed scammers to drain Claimants’ Wallets of all their crypto without authorization. Specifically, Claimants were led to believe that they were buying a “voucher” or “mining certificate” with their crypto to use in a decentralized application. What they did not realize is that they were actually engaging with a smart contract that gave the scammers unlimited access to all the crypto in their Coinbase Wallet, both now and in the future. The Wallet’s user interface provided no warnings that this was taking place, and there was no way for any reasonable consumer to know about the smart contract permissions. Instead, without adequate security restrictions or warnings to users, Claimants were lulled into a false sense of security by Coinbase’s repeated representations that the “only way to access the cryptocurrency” held in a particular Wallet was by obtaining a person’s 12-word “Recovery Phrase,” which did not happen here.&nbsp;

Further, even after Claimants and other victims expressly and repeatedly identified the fraudulent dApps, the security flaw, and reported the thefts to Coinbase, Coinbase continued to allow these dApps to remain on its platform, failed to correct the problem, and failed to notify the Wallet holders for months about this significant security issue. Had Coinbase done so on a timely basis, millions of dollars in losses would have been avoided. Instead, due to Coinbase’s gross negligence, Claimants and hundreds (if not thousands) of Coinbase Wallet users have suffered devastating financial losses. &nbsp;

Claimants allege violations of the Electronic Funds Transfer Act, 15 U.S.C. Section 1693&nbsp;et. seq. (“EFTA”) and 12 C.F.R. Sections 1005-1005.20 (“Regulation E” of the EFTA), as well as other statutes and theories of liability against Coinbase in connection with the theft of their crypto assets stored on Coinbase’s platform at the time of the unauthorized transactions.&nbsp;

If you have additional information relating to the Coinbase Wallet scams or its security features, or would like to speak with us concerning this case, please submit your information in the questionnaire. Claimants’ Consolidated Arbitration Demand, as well as recent articles published by the Washington Post can be viewed below.

2022.10.14 - Coinbase - Consolidated Arbitration Demand_Redacted.pdf

2022.10.14   Coinbase   Consolidated Arbitration Demand Redacted

Consolidated Arbitration Demand

2022.11.09 - Supplemental Complaint.pdf

2022.11.09   Supplemental Complaint

Supplemental Complaint

2022.02.13 - 2023.1.20 - Second Supplemental Complaint.pdf

2022.02.13   2023.1.20   Second Supplemental Complaint

Second Supplemental Complaint

2023.01.26 - Answer to Consolidated FNF Demand.pdf

2023.01.26   Answer to Consolidated Fnf Demand

Answer to Consolidated Demand

On October 14, 2022, Roche Freedman LLP filed a mass arbitration on behalf of nearly 100 victims of crypto mining scams facilitated on Coinbase’s platform which resulted in the theft of millions of dollars’ worth of crypto assets from victims’ Coinbase Wa...

Coinbase Wallet

Securities Fraud Class Action Against Qiwi plc

To help shareholders recover losses due to violations of the federal securities laws between November 14, 2018 and December 9, 2020 (“Class Period”), Freedman Normand Friedland LLP is actively litigating In re Qiwi plc Securities Litigation, No. 1:20-cv-06054-RPK-CLP, against Defendants Qiwi plc (“Qiwi”) and certain corporate insiders. 

Qiwi purports to be a leading provider of next generation payment and financial services in Russia and the Commonwealth of Independent States. The complaint alleges that Defendants made false and misleading statements during the Class Period relating to the Company’s reporting, record-keeping, and regulatory compliance. As a result, Qiwi’s stock traded at artificially inflated prices throughout the Class Period. But when the truth was revealed, the stock price crashed – causing shareholders to lose money.

[DE 30-0] 2021.07.09 Amended Complaint.pdf

[de 30 0] 2021.07.09 Amended Complaint

Amended Complaint

If you purchased Qiwi stock between November 14, 2018 and December 9, 2020, and would like us to evaluate your claim and/or for more information about the lawsuit, please submit your information.&nbsp;