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Gemini hit with investor lawsuit over strategy shift, stock slump as losses widen and layoffs mount
Gemini has been hit with a class-action lawsuit in New York, which accuses the company of misleading investors about its business strategy before and after its 2025 initial public offering, as the firm's stock tumbled amid a post-IPO pivot. The complaint, filed Wednesday in the U.S. District Court for the Southern District of New York, alleges that Gemini and executives, including Tyler and Cameron Winklevoss, made false or incomplete statements in offering documents tied to its September 2025 IPO and subsequent disclosures. The suit seeks damages on behalf of investors who purchased shares during the IPO and through ... (full story)
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