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Tecku et al v. YieldStreet Inc. et al
Case Number:
1:20-cv-07327
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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October 29, 2024
Yieldstreet Investors' $9M Deal Over Risky Offerings OK'd
A New York federal judge has given his preliminary blessing to a settlement worth up to $9 million resolving a class action by Yieldstreet investors who accused the online platform of offering "riskier-than-junk-bond investments" to the public that caused the plaintiffs to lose millions of dollars in defaulted loans.
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August 22, 2022
2 Firms Tapped To Lead YieldStreet Investor Suit
Peiffer Wolf Carr Kane Conway & Wise LLP and Sonn Law Group PA will represent a proposed class of investors in a suit alleging online investing platform YieldStreet Inc. offered "riskier-than-junk bond investments" to the public.
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May 04, 2022
YieldStreet Can't Duck Investors Duping Suit
A New York federal judge has rejected YieldStreet's latest bid to toss a proposed investor class action accusing it of duping investors out of $125 million through defaulted loans, allowing the claims brought against the online platform to proceed.
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September 09, 2020
Investors Claim YieldStreet 'Duped' Them, Lost $125M
Investors in financial instruments offered by online platform YieldStreet filed a proposed class action in New York federal court Wednesday, alleging the company lied about its high-risk debt instruments and its expertise in handling them, before losing more than $125 million of investors' money in defaulted loans.