An investigation on behalf of current long term investors in Crypto Co (OTCMKTS:CRCW) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 02/07/2018 -- Certain directors of Crypto Co are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in Crypto Co (OTCMKTS:CRCW) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in OTCMKTS:CRCW stocks follows a lawsuit filed recently against Crypto Co over alleged securities laws violations. The investigation on behalf of current long term investors in OTCMKTS:CRCW stocks, concerns whether certain Crypto Co directors are liable in connection with the allegations made in that lawsuit.
The plaintiff claims that Defendants made false and/or misleading statements and/or failed to disclose that Crypto Co unlawfully engaged in a scheme to promote and manipulate the Company's stock, and that as a result, Crypto Co's public statements were materially false and misleading at all relevant times.
On December 19, 2017, the U.S. Securities and Exchange Commision ("SEC") temporarily suspended Crypto Co (OTCMKTS:CRCW) 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.
Those who purchased shares of Crypto Co (OTCMKTS:CRCW) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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