Clifford et al v. Tron Foundation et al

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Case overview

Case Number:

1:20-cv-02804

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Vernon S. Broderick

Firms

  1. October 23, 2024

    Crypto Co. Tron, Founder Can't Shake Investor Suit Over ICO

    Blockchain firm Tron Foundation and its founder Justin Sun on Wednesday partially lost their bid to dismiss a shareholder suit alleging they sold unregistered tokens in a 2017 initial coin offering, with a New York federal judge ruling the claims have enough of a connection to New York to proceed.

  2. December 16, 2020

    Tron Wants 'Fatally Flawed' Securities Suit Tossed

    China-based blockchain software developer Tron Foundation urged a New York federal judge to toss a "fatally flawed" lawsuit that claims it misled investors and illegally sold them unregistered tokens in a 2017 initial coin offering, saying the case has "no connection" to New York.

  3. July 01, 2020

    Roche Cyrulnik, Selendy & Gay To Co-Lead TRON ICO Suit

    Roche Cyrulnik Freedman LLP and Selendy & Gay PLLC will work together to represent a proposed class of investors in a suit in Manhattan federal court alleging blockchain software developer TRON Foundation and two of its co-founders made more than $70 million selling unregistered securities.

  4. April 06, 2020

    Investors Accuse Crypto Firms Of Illicit Token Sales

    Investors filed a barrage of proposed securities class actions against four crypto-asset exchanges and seven digital token issuers for allegedly offering and selling billions of dollars worth of unregistered tokens, according to 11 suits brought in New York federal court late Friday.

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