Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Zac Prince, Flori Marquez, Amit Cheela, David Olsson, and Samia Bayou, individuals who are or were officers and directors of BlockFi, Inc. and related BlockFi entities, on behalf of all persons and entities in the United States who invested in BlockFi Interest Accounts (“BIA”) between March 4, 2019 to, and including, November 28, 2022 (the “Class Period”). Such investors are encouraged to join this case.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.
The Complaint alleges that BlockFi, its affiliates, and the BlockFi Individual Defendants made false and misleading statements to promote BIAs, including that BIAs were a secure method of collecting interest. In addition, the Complaint alleges that BlockFi and the BlockFi Individual Defendants omitted and concealed material information concerning the risks associated with BIAs. The Complaint further alleges BlockFi and the Individual Defendants unlawfully failed to register BIAs as securities before selling them to individual investors.
A class action lawsuit has already been filed. You can review a copy of the Complaint or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in BlockFi, you have until May 1, 2023, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.