{"id":88248,"date":"2023-04-13T15:36:14","date_gmt":"2023-04-13T15:36:14","guid":{"rendered":"http:\/\/kuwaitnewsgazette.com\/?guid=11b393c9b9db3b04c226b46a5b07a752"},"modified":"2023-04-13T15:36:14","modified_gmt":"2023-04-13T15:36:14","slug":"rosen-a-leading-national-firm-encourages-blockfi-interest-account-investors-with-losses-to-secure-counsel-before-important-deadline-in-securities-class-action-against-zac-prince-flori-marquez-amit","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/rosen-a-leading-national-firm-encourages-blockfi-interest-account-investors-with-losses-to-secure-counsel-before-important-deadline-in-securities-class-action-against-zac-prince-flori-marquez-amit\/","title":{"rendered":"ROSEN, A LEADING NATIONAL FIRM, Encourages BlockFi Interest Account Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action Against Zac Prince, Flori Marquez, Amit Cheela, David Olsson, and Samia Bayou"},"content":{"rendered":"

NEW YORK, April 13, 2023 (GLOBE NEWSWIRE) —\u00a0WHY:\u00a0<\/strong>Rosen Law Firm, a global investor rights law firm, reminds investors in BlockFi Interest Accounts (\u201cBIAs\u201d) between\u00a0March 4, 2019 and November 28, 2022, inclusive (the \u201cClass Period\u201d), against Zac Prince, Flori Marquez, Amit Cheela, David Olsson, and Samia Bayou (together, \u201cDefendants\u201d), of the important\u00a0May 1, 2023 lead plaintiff deadline<\/strong>.<\/p>\n

SO WHAT:<\/strong>\u00a0If you invested in BlockFi Interest Accounts (\u201cBIAs\u201d) during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.<\/p>\n

WHAT TO DO NEXT:\u00a0<\/strong>To join the BlockFi class action, go to\u00a0https:\/\/rosenlegal.com\/submit-form\/?case_id=12656<\/a>\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\u00a0pkim@rosenlegal.com<\/a>\u00a0or\u00a0cases@rosenlegal.com<\/a>\u00a0for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court\u00a0no later than May 1, 2023<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n

WHY ROSEN LAW:\u00a0<\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition.\u00a0Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases.\u00a0<\/strong>Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

DETAILS OF THE CASE:\u00a0<\/strong>According to the lawsuit, the Defendants made false and misleading statements to promote BlockFi Interest Accounts (\u201cBIAs\u201d), including that BIAs were a secure method of collecting interest. In addition, the Complaint alleges, among other things, that the defendants omitted and concealed material information concerning the risks associated with BIAs, including through BlockFi\u2019s exposure to FTX Trading, Ltd. (\u201cFTX\u201d) and Sam Bankman-Fried\u2019s trading firm Alameda Research (\u201cAlameda\u201d), both of which collapsed in the wake of revelations that FTX and Alameda were engaging in fraud on a massive scale. In the wake of the FTX collapse, the lawsuit alleges that BlockFi froze withdrawals in BIAs, harming BIA investors. Further, investors in BIAs were not aware of conflicts of interest and self-dealing between BlockFi and other entities, such as Gemini Trust LLC, controlled by Tyler and Cameron Winklevoss. The Complaint further alleges BlockFi and the Individual Defendants engaged in the unlawful offer and sale of securities in violation of Sections 5, 11, 12(a)(2), and 15 of the Securities Act of 1933 by selling BIAs to investors. The lawsuit also alleges claims for violation of Section 10(b) and 20 of the Securities Exchange Act of 1934 and Massachusetts General Law Chapter 110A.<\/p>\n

To join the BlockFi class action, go to\u00a0https:\/\/rosenlegal.com\/submit-form\/?case_id=12656<\/a>\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\u00a0pkim@rosenlegal.com<\/a>\u00a0or\u00a0cases@rosenlegal.com<\/a>\u00a0for information on the class action.<\/p>\n

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n

Follow us for updates on LinkedIn:\u00a0https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter:\u00a0https:\/\/twitter.com\/rosen_firm<\/a>\u00a0or on Facebook:\u00a0https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 8807527<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, April 13, 2023 (GLOBE NEWSWIRE) \u2014\u00a0WHY:\u00a0Rosen Law Firm, a global investor rights law firm, reminds investors in BlockFi Interest Accounts (\u201cBIAs\u201d) between\u00a0March 4, 2019 and November 28, 2022, inclusive (the \u201cClass Period\u201d), against Zac Prince, Flori Marquez, Amit Cheela, David Olsson, and Samia Bayou (together, \u201cDefendants\u201d), of the important\u00a0May 1, 2023 lead plaintiff [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nROSEN, A LEADING NATIONAL FIRM, Encourages BlockFi Interest Account Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action Against Zac Prince, Flori Marquez, Amit Cheela, David Olsson, and Samia Bayou - Kuwait News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuwaitnewsgazette.com\/rosen-a-leading-national-firm-encourages-blockfi-interest-account-investors-with-losses-to-secure-counsel-before-important-deadline-in-securities-class-action-against-zac-prince-flori-marquez-amit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSEN, A LEADING NATIONAL FIRM, Encourages BlockFi Interest Account Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action Against Zac Prince, Flori Marquez, Amit Cheela, David Olsson, and Samia Bayou - 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