Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Solana Labs, Inc. (SOL) Investors of Class Action and to Actively Participate

NEW YORK–(BUSINESS WIRE)–Attorney Advertising– Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Solana Labs, Inc., the Solana Foundation, Anatoly Yakovenko, Multicoin Capital Management LLC, Kyle Samani, and FalconX LLC, on behalf of all persons and entities who purchased or otherwise acquired SOL tokens (“SOL,” the “Tokens,” or the “Securities”) on or since March 24, 2020 (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/sol.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.

Solana issues securities that are required to be but are not, registered with the U.S. Securities and Exchange Commission. The Complaint alleges that, during the Class Period, Defendants promoted SOL securities (SOL tokens) and sold them to investors, who have suffered losses from purchasing SOL securities.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/sol or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in SOL you have until September 6, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.