DFINITY USA Research LLC Insider Trading Class Action Suit
Shamis Gentile, a corporate securities fraud law firm, is investigating claims on behalf of investors of DFINITY USA Research LLC. Such investors are advised to contact attorney Andrew Shamis at info@shamisgentile.com or 305-479-2299.
If you purchased DFINITY USA Research LLC shares and would like to join the action, please contact us immediately! All we need to see is proof of investment of DFINITY USA Research LLC stock and we can get started. The process is extremely easy and can be done from your phone from anywhere. Just send us an email us a screenshot showing you own stock in DFINITY USA Research LLC, and we can get started! It’s that simple!
DFINITY USA Research LLC Investors Press Release
Shamis Gentile Encourages DFINITY USA Research LLC Investors to Secure Counsel
WHY: Shamis Gentile, a corporate securities fraud law firm, announces the investigation that concerns whether DFINITY USA Research LLC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
WHAT: If you purchased DFINITY USA Research LLC shares 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.
WHAT TO DO NEXT: To join the DFINITY USA Research LLC securities class action, please contact Andrew J. Shamis, Esq. at 305-479-2299 or email info@shamisgentile.com for information on the class action.
WHAT IS THIS ABOUT: On Aug 11, a class action lawsuit was filed on behalf of investors in the crypto-asset “ICP” against DFINITY USA Research LLC and its affiliate the DFINITY Foundation (collectively, “DFINITY”), as well as DFINITY CEO Dominic Williams, alleging that DFINITY engaged in insider trading, securities fraud, and the promotion and sale of unregistered securities when it created and launched its “Internet Computer Protocol” and issued ICP tokens to itself and other insiders on May 10, 2021.
The lawsuit, brought in the U.S. District Court for the Northern District of California, alleges that shortly after issuing ICP tokens to itself and its insiders, DFINITY and its insiders began to sell massive quantities of these ICP tokens to the public, causing the price of ICP tokens to fall from a high of over $730 on May 10 to approximately $60 on August 9. According to the lawsuit, DFINITY and its insiders thus dumped massive amounts of ICP tokens on the open market, securing billions of dollars of profits for themselves and driving the price of ICP down.
WHY SHAMIS GENTILE LAW: Shamis & Gentile, P.A. is dedicated in helping misled shareholders recover damages caused by corporate fraud and other misconduct. Our securities attorneys have a wealth of knowledge and experience handling complex litigation cases and achieving significant victories and settlements for clients (over 500 million recovered and counting). In addition to our experience litigating securities cases, our attorneys have been routinely certified class counsel throughout the country where our firm has gained a reputation of one that litigates the right way and achieves large monetary settlements. Our team comes from diverse and unique backgrounds, making us equipped to bring the fight anytime and anywhere on behalf of our clients.
Contact Information:
Andrew J. Shamis, Esq.
Shamis & Gentile, P.A.
Miami Headquarters
14 NE 1st Ave, Suite 705,
Miami, FL 33132
Tel: 305-479-2299
Fax: 786-623-0915
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