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Rosen Law Firm probes Flow Foundation over FLOW cryptocurrency investor claims

NEW YORK, July 15. Rosen Law Firm said it is investigating potential securities claims on behalf of FLOW cryptocurrency investors, citing allegations against Flow Foundation. The New York firm, which describes itself as a global investor rights law firm, disclosed Tuesday that the probe is ongoing and urged FLOW-USD holders to inquire about the class action investigation.

By Hannah Voss2 min read
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Key takeaways

  • Rosen Law Firm said it is investigating potential securities claims on behalf of FLOW cryptocurrency investors over allegations against Flow Foundation.
  • The New York-based firm disclosed the ongoing probe on Tuesday, July 15, and urged FLOW-USD holders to inquire about the class action investigation.
  • The investigation targets Flow Foundation over allegations involving its statements to investors.
  • The firm did not specify the nature of the alleged conduct, the period under review, the relief it seeks, or cite any formal complaint.
  • Rosen Law Firm did not specify minimum loss thresholds or participation deadlines for investors seeking to contact it.

NEW YORK, July 15. Rosen Law Firm said it is investigating potential securities claims on behalf of FLOW cryptocurrency investors, citing allegations against Flow Foundation. The New York firm, which describes itself as a global investor rights law firm, disclosed Tuesday that the probe is ongoing and urged FLOW-USD holders to inquire about the class action investigation.

The investigation

The probe targets Flow Foundation, the entity linked to the FLOW-USD token, over allegations involving its statements to investors, the firm said. Rosen Law Firm's announcement used the phrase "continues to investigate," indicating the inquiry predated Tuesday's disclosure. The firm did not specify the nature of the alleged conduct, the period under review, or what relief it intends to seek. No formal complaint was cited in the announcement.

Investor contact

Rosen Law Firm said it is soliciting contact from FLOW-USD investors who believe they have claims. The Tuesday announcement did not specify minimum loss thresholds or participation deadlines.

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Frequently asked

Who is being investigated?

Flow Foundation, the entity linked to the FLOW-USD cryptocurrency token, is the target of the investigation.

Who is conducting the investigation?

Rosen Law Firm, a New York firm that describes itself as a global investor rights law firm, is conducting the probe into potential securities claims.

What are the allegations about?

The allegations involve Flow Foundation's statements to investors, though the firm did not specify the nature of the alleged conduct.

When was the investigation disclosed?

Rosen Law Firm disclosed the probe on Tuesday, July 15, and its use of the phrase 'continues to investigate' indicates the inquiry predated that disclosure.

What should FLOW investors do?

Rosen Law Firm urged FLOW-USD investors who believe they have claims to contact the firm about the class action investigation, though no minimum loss thresholds or deadlines were specified.