{"id":946274,"date":"2026-03-23T09:33:13","date_gmt":"2026-03-23T13:33:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/barrack-rodos-bacine-notifies-shareholders-of-gemini-space-station-inc-gemi-of-a-securities-class-action-lawsuit-2\/"},"modified":"2026-03-23T09:33:13","modified_gmt":"2026-03-23T13:33:13","slug":"barrack-rodos-bacine-notifies-shareholders-of-gemini-space-station-inc-gemi-of-a-securities-class-action-lawsuit-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/barrack-rodos-bacine-notifies-shareholders-of-gemini-space-station-inc-gemi-of-a-securities-class-action-lawsuit-2\/","title":{"rendered":"Barrack, Rodos &amp; Bacine Notifies Shareholders of Gemini Space Station Inc. (GEMI) of a Securities Class Action Lawsuit\u00a0"},"content":{"rendered":"<div class=\"mw_release\">\n<p>PHILADELPHIA, March  23, 2026  (GLOBE NEWSWIRE) &#8212; The law firm of Barrack, Rodos &amp; Bacine announces that a class action lawsuit has been filed on behalf of investors who purchased shares of Gemini Space Station Inc. (\u201cGemini\u201d or \u201cthe Company\u201d; NASDAQ: GEMI) traceable to the initial public offering on September 12, 2025, and\/or between September 12, 2025 and February 17, 2026.<\/p>\n<p>Investors who purchased Gemini shares are encouraged to contact the firm at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=yelIZcrVIE8nmWkTeztvxYR1FThMq1tQ-5Bnhk4yrdLhh0L4wejTM0Ss31fs7u2SOVGqZDrm1DLmEa29nxlGtw==\" rel=\"nofollow\" target=\"_blank\">barrack.com<\/a>\u00a0or at the number noted below to discuss their options.<\/p>\n<p>\n        <strong>WHAT\u2019S THIS ABOUT?<\/strong><br \/>\n        <br \/>Founded by the Winklevoss brothers, Tyler and Cameron, Gemini Space Station Inc. (\u201cGemini\u201d or \u201cthe Company\u201d) is a cryptocurrency platform used for buying, selling, and storing various cryptocurrency assets.<\/p>\n<p>Since its initial public offering on September 12, 2025, at $28.00 per share, the price of Gemini\u2019s common stock has declined to less than $6.00 per share as of March 18, 2026, resulting in hundreds of millions of dollars of losses to the Company\u2019s public shareholders. On February 17, 2026, Gemini warned of larger than expected EBITDA losses and announced layoffs and exits from several international markets to reduce costs. Losses are expected to continue through 2029.\u00a0 Compounding the situation, the Company simultaneously announced\u00a0the\u00a0immediate departure of several senior executives, including the Chief Operating Officer, the Chief Financial Officer, and the Chief Legal Officer.\u00a0\u00a0No reason has been provided by the Company for this extreme change to corporate management.<br \/>\u00a0\u00a0<br \/>The lawsuit alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operations, and prospects. Specifically, the Offering Documents and Defendants allegedly made false and\/or misleading statements and\/or failed to disclose that: (i) Gemini had overstated the viability of its core business as a crypto platform; (ii) Gemini had overstated its commitment to and\/or the viability of growing its business through expanding its international operations; (iii) accordingly, Gemini\u2019s post-IPO financial and business prospects were overstated; (iv) all of the foregoing raised a non-speculative risk that Gemini was poised for an expensive and disruptive restructuring; and (v) as a result, the Offering Documents and Defendants\u2019 public statements throughout the Class Period were materially false and misleading at all relevant times.\u00a0\u00a0<\/p>\n<p>\n        <strong>WHAT CAN I DO?<\/strong><br \/>\n        <br \/>If you purchased shares of Gemini\u2019s common stock either in or traceable to the IPO and\/or during the class period and would like to discuss your options, please contact Barrack, Rodos &amp; Bacine by calling Linda Border or Mark Stein at 877-386-3304, or via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WeD4dtFwoRegqso3bHwtkfOnMQWFrH_SaDUYADmkdC2LY5m7W2-9pPAr-55o_RPX7LUsP805J3J6AKksAZWZjKuSM5xF14ByM7ZaLfRb_rOZO4tIoF1AxgpCcdd4yzL7\" rel=\"nofollow\" target=\"_blank\">investoralert@barrack.com<\/a>, or visiting the firm\u2019s web site (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=yelIZcrVIE8nmWkTeztvxT64MCzVlTagHMc7_BRkkPHT6zISstMDFAB3b-ZeODvaBmzVuv6RrwjsQQUK_5K8wg==\" rel=\"nofollow\" target=\"_blank\">barrack.com<\/a>).<\/p>\n<p>\n        <strong>WHO WE ARE<\/strong><br \/>\n        <br \/>Barrack, Rodos &amp; Bacine has more than four decades of experience prosecuting securities law class actions, including cases involving accounting fraud and insider trading, and has achieved some of the largest recoveries in U.S. history of securities litigation. The firm&#8217;s largest recoveries on behalf of investors include $6.19 billion for WorldCom investors, $3.32 billion for Cendant investors, $1.05 billion for McKesson investors, and $970.5 million for AIG investors.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY3NjA3OSM3NDk2NjEwIzIwMjQ3NTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YjJmZjgzNzQtOWZkMS00N2E4LThmNWMtZGQzOTA2NDFjNjgzLTEwMzYzMjktMjAyNi0wMy0yMy1lbg==\/tiny\/Barrack-Rodos-Bacine.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PHILADELPHIA, March 23, 2026 (GLOBE NEWSWIRE) &#8212; The law firm of Barrack, Rodos &amp; Bacine announces that a class action lawsuit has been filed on behalf of investors who purchased shares of Gemini Space Station Inc. (\u201cGemini\u201d or \u201cthe Company\u201d; NASDAQ: GEMI) traceable to the initial public offering on September 12, 2025, and\/or between September 12, 2025 and February 17, 2026. Investors who purchased Gemini shares are encouraged to contact the firm at barrack.com\u00a0or at the number noted below to discuss their options. WHAT\u2019S THIS ABOUT? Founded by the Winklevoss brothers, Tyler and Cameron, Gemini Space Station Inc. (\u201cGemini\u201d or \u201cthe Company\u201d) is a cryptocurrency platform used for buying, selling, and storing various cryptocurrency assets. Since its initial public offering &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/barrack-rodos-bacine-notifies-shareholders-of-gemini-space-station-inc-gemi-of-a-securities-class-action-lawsuit-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Barrack, Rodos &amp; Bacine Notifies Shareholders of Gemini Space Station Inc. (GEMI) of a Securities Class Action Lawsuit\u00a0&#8220;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-946274","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Barrack, Rodos &amp; Bacine Notifies Shareholders of Gemini Space Station Inc. (GEMI) of a Securities Class Action Lawsuit\u00a0 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/barrack-rodos-bacine-notifies-shareholders-of-gemini-space-station-inc-gemi-of-a-securities-class-action-lawsuit-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Barrack, Rodos &amp; Bacine Notifies Shareholders of Gemini Space Station Inc. (GEMI) of a Securities Class Action Lawsuit\u00a0 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, March 23, 2026 (GLOBE NEWSWIRE) &#8212; The law firm of Barrack, Rodos &amp; Bacine announces that a class action lawsuit has been filed on behalf of investors who purchased shares of Gemini Space Station Inc. (\u201cGemini\u201d or \u201cthe Company\u201d; NASDAQ: GEMI) traceable to the initial public offering on September 12, 2025, and\/or between September 12, 2025 and February 17, 2026. Investors who purchased Gemini shares are encouraged to contact the firm at barrack.com\u00a0or at the number noted below to discuss their options. WHAT\u2019S THIS ABOUT? Founded by the Winklevoss brothers, Tyler and Cameron, Gemini Space Station Inc. (\u201cGemini\u201d or \u201cthe Company\u201d) is a cryptocurrency platform used for buying, selling, and storing various cryptocurrency assets. Since its initial public offering &hellip; Continue reading &quot;Barrack, Rodos &amp; Bacine Notifies Shareholders of Gemini Space Station Inc. 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