March 08, 2023
A California stock promoter must face U.S. Securities and Exchange Commission claims he made $162,500 trading off of insider information about a soft drink company's plans to pivot to blockchain, a federal judge in Manhattan has determined.
August 30, 2022
An investor in the former Long Island Iced Tea Co. has urged a New York federal court to toss the U.S. Securities and Exchange Commission's suit alleging he engaged in insider trading tied to the company's pivot to blockchain technology.
July 09, 2021
When the Long Island Iced Tea Co. changed its name to Long Blockchain Corp. in late 2017, sending its share price surging almost fourfold, one man used an inside tip to reap more than $160,000 in illicit profits, according to a lawsuit filed by the U.S. Securities and Exchange Commission on Friday.