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

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Quick Take

  • New lawsuit against Block One and its founders was filed 5/19/2020 in New York federal court
  • Plaintiffs seek class action status using a “fraud on the market” theory to prove reliance in a securities fraud case
  • The 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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Why a new class action against Block One presents new peril to the defendants that the SEC settlement did not resolve written by Stephen Palley @ https://www.theblockcrypto.com/genesis/65834/block-one-lawsuit-analysis-sec?utm_source=rss&utm_medium=rss May 20, 2020 Stephen Palley

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