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Davy v. Paragon Coin, Inc. et al
Case Number:
4:18-cv-00671
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Multi Party Litigation:
Class Action
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June 24, 2021
Rapper, Execs Face $12M Judgment In Pot Crypto ICO Row
The rapper known as The Game will join a cannabis cryptocurrency startup's defaulted executives in facing a $12 million judgment in a class action alleging it violated securities law with its $70 million initial coin offering, a California federal court has ordered.
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June 24, 2020
Investors Get Partial Class Cert. In Pot Crypto Suit
A California federal judge certified an investor class in a suit alleging a cannabis cryptocurrency startup violated securities laws with its $70 million initial coin offering, granting their motion in part Wednesday on federal claims but denying their state law claims.
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May 10, 2018
Levi & Korsinsky To Lead Pot Cryptocurrency Securities Suit
A California federal judge on Thursday appointed Levi & Korsinsky LLP as lead counsel of a putative class action against a cryptocurrency startup focused on the marijuana industry that allegedly violated securities laws with a $70 million initial coin offering that wasn't registered with the U.S. Securities and Exchange Commission.
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April 03, 2018
Pot Cryptocurrency Startup Says Token Buyers Must Arbitrate
ParagonCoin Inc. asked a California federal judge on Monday to toss a putative class action, saying token buyers of the cryptocurrency startup focused on the marijuana industry agreed to arbitrate any legal claims by accepting the token's terms and conditions at purchase.