TheBlock
2020-05-20 14:43:43

Why a new class action against Block One presents new peril to the defendants that the SEC settlement did not resolve

Quick TakeNew lawsuit against Block One and its founders was filed 5/19/2020 in New York federal courtPlaintiffs seek class action status using a “fraud on the market” theory to prove reliance in a securities fraud caseThe lawsuit presents some peril to the Defendant because of the fraud allegations, a prior SEC order — it’s one to watch

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