Rosen Encourages Terra Investors with Losses to Secure Counsel Before Deadline
Rosen Law Firm, a global investor rights law firm, is reminding purchasers of Terra Tokens, mirrored assets, liquidity pool tokens and/or bonded assets, between May 20, 2021 and May 25, 2022 (both dates inclusive- the “Class Period”), of the important August 19, 2022 lead plaintiff deadline in the securities class action lawsuit against Defendants.
If you purchased Terra 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.
To join the Terra class action, go to https://rosenlegal.com/submit-form/?case_id=7750 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for 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 no later than August 19, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Rosen Law 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. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. 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’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, TFL and the Individual Defendants violated provisions of the Securities Act of 1933 (“Securities Act”) by selling non-exempt securities without registering them. The complaint alleges that TFL and the Individual Defendants also violated provisions of the Securities Act by participating in TFL’s failure to register the Terra Tokens.
Also, according to the lawsuit, Defendants violated provisions of the Securities Exchange Act of 1934 by carrying out a plan, scheme, and course of conduct that TFL intended to and did deceive retail investors and thereby, caused them to purchase Terra Tokens at artificially inflated prices; endorsed false statements they knew or recklessly should have known were materially misleading; and made untrue statements of material fact and omitted to state material facts necessary to make the statements made not misleading.
The lawsuit further alleges non-securities claims against Defendants including violations of provisions of the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by conducting the affairs of an enterprise through a pattern of racketeering activity, California common law claims for aiding and abetting and for civil conspiracy, and provisions of California common law by possessing the monetary value of Terra Tokens at inflated value which rightfully belongs to the putative members of the Class.
