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Fraud Claims Against Token Issuer Dismissed Based on Disclosures to Accredited Investor | Proskauer - Blockchain and the Law

The organizers of an initial coin offering (ICO) recently won dismissal of an investor’s fraud claims by establishing that their public risk disclosures negated the investor’s claims of.

Investor Fraud Claims Dismissed

Organizers of an initial coin offering won dismissal of an investor’s fraud claims establishing their public risk disclosures negated the investor’s claims of reliance on misstatements. The project was governed by a purchase agreement called Simple Agreement for Future Tokens.

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