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Judge Won't Revive State Securities Claims Against Bibox

State securities law claims against digital asset trading platform Bibox were rightly nixed for being untimely, a New York federal judge has found, cementing a court win for Bibox as it fended off allegations that it sold unregistered securities. ....

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Crypto Currency Business Class Actions Stopped By Statute of Limitations

Friday, May 7, 2021
Five plaintiffs recently voluntarily dismissed their putative securities class action lawsuits one year after sending shock waves through the crypto world when they filed eleven alleged class action lawsuits against cryptocurrency exchanges and issuers. The five dismissals come shortly after recent rulings in two of the eleven lawsuits dismissing plaintiffs’ claims for failure to bring the claims within the one-year statute of limitations.
Last April, law firms Roche Freedman LLP and Selendy & Gay PLLC filed eleven class actions in the Southern District of New York. As with SEC regulatory actions against the virtual currency industry, the private litigants’ core allegation was that the companies violated §§ 5 and 12(a)(1) of the Securities Act of 1933 by engaging in the unregistered sales of securities when launching their initial coin offerings (ICOs), and, as to the exchanges, conducted millions of transactions without registering ....

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Statute of Limitations Halt Crypto Currency Business Class Actions | Nelson Mullins Riley & Scarborough LLP

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Five plaintiffs recently voluntarily dismissed their putative securities class action lawsuits one year after sending shock waves through the crypto world when they filed eleven alleged class action lawsuits against cryptocurrency exchanges and issuers. The five dismissals come shortly after recent rulings in two of the eleven lawsuits dismissing plaintiffs’ claims for failure to bring the claims within the one-year statute of limitations.
Last April, law firms Roche Freedman LLP and Selendy & Gay PLLC filed eleven class actions in the Southern District of New York. As with SEC regulatory actions against the virtual currency industry, the private litigants’ core allegation was that the companies violated §§ 5 and 12(a)(1) of the Securities Act of 1933 by engaging in the unregistered sales of securities when launching their initial coin offerings (ICOs), and, as to the exchanges, conducted millions of t ....

New York , United States , Denise Cote , Kaydez Pte , Alvin Hellerstein , Status Research , Development Gmb , Roche Freedman , Civic Technologies Inc , Tron Foundation , Quantstamp Inc , Financial Technology , Nelson Mullins Riley Scarborough , Global Trading Ltd , Bprotocol Foundation Bancor , Bibox Group Holdings Ltd , Nelson Mullins Riley , Southern District , Securities Act , Digital Assets , Strategic Hub , Bibox Group Holdings , Judge Alvin Hellerstein , Judge Denise Cote , Development Gmbh , Block One ,

Statute of Limitations Stopped Crypto Industry Class Actions

On April 27, 2021, one year after filing eleven putative class action lawsuits against cryptocurrency issuers and exchanges, five plaintiffs dismissed proposed securities class actions based in part on a one-year statute of limitations defense. ....

New York , United States , Denise Cote , Kaydez Pte , Alvin Hellerstein , Status Research , Development Gmb , Roche Freedman , Civic Technologies Inc , Tron Foundation , Quantstamp Inc , Financial Technology , Global Trading Ltd , Bprotocol Foundation Bancor , Bibox Group Holdings Ltd , Southern District , Securities Act , Digital Assets , Strategic Hub , Bibox Group Holdings , Judge Alvin Hellerstein , Judge Denise Cote , Development Gmbh , Block One , Financial Institutions And Banking , Ryptocurrency Class Action Lawsuits ,

Securities Litigation Update: Southern District Of New York Dismisses Putative Securities Class Action Alleging Sale Of Unregistered Cryptocurrency, But Risk Remains For Crypto-Issuers And Exchanges - Technology

Securities Litigation Update: Southern District Of New York Dismisses Putative Securities Class Action Alleging Sale Of Unregistered Cryptocurrency, But Risk Remains For Crypto-Issuers And Exchanges - Technology
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