Grant & Eisenhofer To Lead Suit Over $4B ICO

Law360 (August 5, 2020, 5:06 PM EDT) -- Grant & Eisenhofer PA beat out Selendy & Gay PLLC and Roche Cyrulnik Freedman LLP for the lead counsel role on Tuesday in a newly consolidated proposed class action accusing cryptocurrency issuer of conducting an unregistered $4 billion initial coin offering.

U.S. District Judge Lewis A. Kaplan appointed Crypto Assets Opportunity Fund LLC lead plaintiff in the May suit, which he combined with a similar April action brought by a group of investors dubbed the "Williams Group." Both suits were in New York federal court.

The Williams Group case is one of nearly a dozen putative class actions against various...

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