NEW YORK, Nov. 29, 2024 (GLOBE NEWSWIRE) —
Reason: Rosen Law Firm, a global investor rights law firm, has filed a lawsuit against OpenSea arising from allegations that OpenSea may have issued materially misleading information to the investing public. We are continuing to investigate the securities claims.
This means that if you purchase an NFT on OpenSea, a contingency fee arrangement may entitle you to compensation without paying any out-of-pocket fees or costs. Rosen Law Firm is preparing a class action lawsuit seeking to recover losses for investors.
What to do next: To join the class action, go to https://rosenlegal.com/submit-form/?case_id=29398 or call Phillip Kim. Toll-free 866-767-3653 or email case@rosenlegal.com for information on the class action.
What is this about: On August 28, 2024, CNBC published an article titled “OpenSea receives wells notice from SEC, regulator says NFTs are securities.” “Cryptocurrency market OpenSea has been added to the SEC's list of targets as regulators expand their crackdown on the sector,” the report said. Additionally, “Wells notices are typically one of the final steps before the SEC files a formal complaint. They generally provide a framework for regulatory arguments and provide potential accusers with rebuttals to the SEC's allegations. According to OpenSea officials, the letter argues that non-fungible tokens, or NFTs, sold on the platform are securities. A popular platform where you can create, sell, and buy.
Why Rosen Law: We encourage investors to select talented attorneys with a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or meaningful peer evaluations. Many of these companies do not actually file securities class action lawsuits. Be wise when choosing a lawyer. The Rosen Law Firm represents investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest securities class action settlement at the time against a Chinese company. Rosen Law Firm was ranked #1 in 2017 by ISS Securities Class Action Services for number of securities class action settlements. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars from investors. In 2019 alone, the company secured over $438 million from investors. In 2020, founding partner Lawrence Rosen was named a Titan of Plaintiffs' Lawyers by Law360. Many of our attorneys have been recognized by Lawdragon and Super Lawyers.
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contact address:
Lawrence Rosen, Esq.
Mr. Philip Kim, Esq.
Pennsylvania Rosen Law Firm
275 Madison Avenue, 40th floor
New York, NY 10016
Phone number: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
