this lawsuit has no merit, it's very common tactic and they just want to get some sort of settlement by abusing the judicial system. I hope coinbase countersues them.
Every listed company gets sued by a flock of these sorts of bottom-feeders whenever their stock noticeably rises or falls.
So, do we think this is "real", or is this just lawyers lawyering?
Judging by the fact that BTC is still rising today, probably just lawyers lawyering.
It's very common for recently IPO'd companies to be sued. Check out a few random companies and you'll see press releases from a lawfirm advertising to potential plaintiffs.
I am confused. Are they getting sued because performance issues of a block chain ?
It’s trivial to sue a company for securities fraud, and this press release for a lawsuit that an activist law firm is filing isn’t actual news coverage.