Gemini Space Station faces securities class action over allegedly misleading IPO disclosures
Gemini Space Station faces securities class action tied to September 12, 2025 to February 17, 2026 class period, naming four senior executives as individual defendants.Complaint alleges executives signed or controlled misleading public disclosures tied to IPO-related filings, including Sarbanes-Oxley certifications by CEO Tyler Winklevoss and former CFO Dan Chen.GEMI shares were sold in September 2025 IPO at USD 28, closing at USD 6.59 on February 17, 2026, down more than 76%.Court set May 18, 2026 deadline for investors to seek appointment as lead plaintiff.Former COO Marshall Beard sold 479,901 shares for about USD 11.8 million during class period, according to lawsuit notice.