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In Re Longfin Corp. Securities Class Action Litigation

  1. July 30, 2020

    Longfin Investors Secure $223M Judgment In NY Fraud Case

    A Manhattan federal judge on Wednesday handed a win to investors in shuttered cryptocurrency company Longfin Corp., determining that the company should have to pay more than $223 million in connection with alleged securities fraud.

  2. May 14, 2020

    Investor Class Wins Cert. In Longfin Securities Suit

    Investors in shuttered cryptocurrency company Longfin Corp. won class certification in New York federal court on Thursday in their securities fraud class action, allowing the shareholders to move forward with their request for default judgment against the company and three related individuals.

  3. January 06, 2020

    Longfin Investors Seek Class Cert. To Get Default Judgment

    Investors in shuttered cryptocurrency company Longfin Corp. on Friday asked a New York federal judge to certify their class so they can seek default judgment in their private securities action accusing the company of inflating its investor numbers on the heels of a 2017 offering.

  4. December 06, 2019

    Indicted Ex-Longfin CEO Reaches Deal With SEC From India

    Venkata S. Meenavalli, the India-based former CEO of shuttered cryptocurrency company Longfin Corp. who faces criminal charges in New Jersey, has settled fraud claims brought in Manhattan by the U.S. Securities and Exchange Commission, a federal judge heard Friday.

  5. December 03, 2019

    Longfin Investors Want Redo Of Network 1 Claims Decision

    Longfin Corp. investors told a New York federal court Monday that it must rethink a November ruling refusing their bid to revise claims against broker-dealer Network 1 over its cover-up of Longfin's alleged fraud because to deny them that opportunity would constitute "manifest injustice."

  6. November 18, 2019

    Longfin Investors Can't Revive Network 1 Claims

    Investors in the now-defunct cryptocurrency company Longfin Corp. won't be able to revise their complaint accusing broker-dealer Network 1 of ignoring its purported knowledge of Longfin's alleged fraud, a New York federal judge ruled Friday.

  7. November 04, 2019

    Longfin Investors Push To Update Network 1 Allegations

    Investors in the failed cryptocurrency company Longfin Corp. have told a New York federal judge that they should be able to file an amended complaint accusing broker-dealer Network 1 Financial Securities Inc. of knowing about Longfin's alleged fraud.

  8. September 16, 2019

    Longfin Investors Want Another Shot At Network 1 Claims

    Investors in the shuttered cryptocurrency company Longfin Corp. would like one more chance to make their case against Network 1 Financial Securities Inc., a broker-dealer they claim misled them about Longfin's value.

  9. July 30, 2019

    Network 1 Ducks Claims It Misled Investors In Longfin Offering

    Network 1 escaped a securities fraud class action that claims the investment bank made misleading statements that caused the stock price of a shuttered fintech corporation, Longfin, to skyrocket in late 2017.

  10. April 12, 2019

    Investor Action Against Longfin Trimmed But Kept Alive

    An investor class action against fintech company Longfin Corp. over its initial public offering largely survived a trio of dismissal bids Thursday after a New York federal judge trimmed one of two securities fraud claims against its underwriter but preserved insider trading and fraud claims against two executives.