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The Crypto Company [Other OTC: CRCW]

Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against The Crypto Company

Oklahoma City, OK (December 27, 2017) – On December 21, 2017, a securities class action lawsuit was filed in the United States District Court for the Central District of California against The Crypto Company (Other OTC: CRCW). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is August 21, 2017 through December 18, 2017. More specifically, this litigation was filed because Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Crypto unlawfully engaged in a scheme to promote and manipulate the Company’s stock; and (ii) as a result, Crypto’s public statements were materially false and misleading at all relevant times.

On December 19, 2017, the Securities and Exchange Commission (“SEC”) temporarily suspended Crypto 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.

Plaintiff seeks to recover damages on behalf of all The Crypto Company shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Tuesday, February 20, 2018 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

To join this class action, click here to obtain an investor certification. Once complete, please email this form to rkh@federmanlaw.com, fax to us at (405) 239-2112 or send by regular mail to Federman & Sherwood, 10205 North Pennsylvania Avenue, Oklahoma City, OK 73120, ATTN: Robin.

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