#United States #New York #stETH #Consensys Software #rETH

Rosen Law Firm Encourages Investors of Consensys Tokens to Inquire About Class Action

The Rosen Law Firm, a prominent global law firm focused on protecting investor rights, has initiated an investigation into potential securities claims regarding stETH and rETH tokens sold by Consensys Software, Inc. The firm's investigation stems from allegations that Consensys may have provided materially misleading information to investors.

Background of the Investigation

This investigation targets individuals who have purchased liquid staking tokens known as stETH or rETH. The firm emphasizes that investors in these tokens might be entitled to financial compensation through a class action lawsuit, which seeks to recover losses without any out-of-pocket fees or costs due to a contingency fee arrangement.

On June 28th, 2024, the U.S. Securities and Exchange Commission (SEC) issued a release charging Consensys Software with unregistered offers and sales of securities via its MetaMask staking service. According to the SEC, Consensys has been involved in selling unregistered securities under the guise of offering tokens related to liquid staking programs operated by companies such as Lido and Rocket Pool. These tokens, referred to as stETH and rETH, allow investors the flexibility to buy and sell staking tokens that are typically locked up and cannot be traded during staking periods.

According to SEC findings, Consensys distributed these securities without complying with necessary regulatory protocols, raising concerns about the legitimacy of their offerings.

The Importance of Legal Counsel

Rosen Law Firm stresses the importance of choosing legal counsel that has demonstrated success in handling securities class actions. Many notifications regarding class actions are issued by firms lacking the resources or experience to effectively litigate such cases. Rosen Law Firm's reputation for excellence is backed by their history, including achieving one of the largest settlements in a securities class action involving a Chinese company.

They ranked first in 2017 by the ISS Securities Class Action Services, and since 2013, they have consistently been among the top firms specializing in securities class actions, having secured hundreds of millions in settlements for investors over the years, including more than $438 million in 2019 alone.

Next Steps for Investors

Investors who have purchased stETH or rETH tokens from Consensys are encouraged to join the prospective class action by visiting the Rosen Law Firm's website or contacting Phillip Kim, Esq. via phone or email for further information about the ongoing investigation and potential inclusion in the class action.

For those wishing to stay updated, the Rosen Law Firm encourages following their progress on various social media platforms, including LinkedIn, Twitter, and Facebook. Awareness about this class action may prove advantageous for investors impacted by the allegations against Consensys.

In conclusion, this investigation is an essential opportunity for investors who feel they have been misled or suffered financial losses due to their investments in liquid staking tokens sold by Consensys. With the backing of an experienced firm like Rosen Law, they stand a significant chance of recovery in what is shaping up to be a significant securities class action.

For more details or assistance, please visit Rosen Law Firm's official website or reach out directly to their legal team.