Crypto Co. Status Research Seeks Nix Of Securities Suit
Law360 (December 4, 2020, 7:26 PM EST) -- Swiss blockchain technology company Status Research asked a New York federal judge Thursday to toss a proposed class action, saying the complaint is "cookie cutter" as it's one of 11 crypto-asset exchanges and digital token issuers accused of offering and selling billions of dollars' worth of unregistered tokens.
Status Research & Development GmbH' and its co-founders Carl Bennetts and Jarrad Hope, foreign nationals living abroad, sold an unregistered token called the Status Network Token — SNT — in an initial coin offering in June 2017, according to the complaint.
But plaintiff Joel Deutsch is a Florida resident who didn't participate in...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!