San Diego, California–(Newsfile Corp. – April 18, 2022) – Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of SafeMoon LLC, SafeMoon US, LLC, SafeMoon Connect, LLC, SafeMoon LTD, SafeMoon Protocol LTD, and SafeMoon Media Group LTD (collectively “SafeMoon” or the “Company”) (SFM), Jake Paul, Nick Carter, DeAndre Cortez Way, Ben Phillips, Miles Parks McCollum, and Daniel M. Keem (the “Promoter Defendants”), and Individual Defendants Shaun Witriol, Ryan Arriaga, Jack Haines-Davies, Henry “Hank” Wyatt, Thomas Smith, Kyle Nagy, and the Company’s Chief Executive Officer, Braden John Karony (together with the Promotor Defendants and SafeMoon, the “Defendants”). This action is on behalf of investors who purchased or otherwise acquired the digital assets of SafeMoon (sold as tokens under the ticker symbol “SAFEMOON” on various cryptocurrency exchanges including PancakeSwap) between March 8, 2021, and March 7, 2022, inclusive (the “Class Period”). To serve as lead plaintiff in this class action, you must move the Court no later than May 9, 2022.
What actions may I take at this time? If you suffered a substantial loss and are interested in learning more about being a lead plaintiff, please contact Jim Baker (firstname.lastname@example.org) by email or phone at 619-814-4471. If emailing, please include a phone number.
To join this action, you can click or copy and paste the link below in a browser:
There is no cost or obligation to you.
The complaint alleges that Defendants made false and misleading statements concerning SafeMoon’s growth prospects, financial ownership, and financial benefits for SAFEMOON token investors, and used celebrity promotors to lure in unsuspecting investors so that SafeMoon insiders could sell off their holdings into artificially created volume.
A lead plaintiff will act on behalf of all other class members in directing the SafeMoon class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor’s ability to share any potential future recovery of the SafeMoon class action lawsuit is not dependent upon serving as lead plaintiff. For more information regarding the lead plaintiff process please refer to https://www.johnsonfistel.com/lead-plaintiff-deadlines.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471
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