Nano Buyer Withdraws Suit After Class Claims Fall Short

Law360 (July 16, 2021, 8:22 PM EDT) -- A buyer of the cryptocurrency Nano has withdrawn his suit against the token's developers after two failed attempts at class certification, teeing up a round of arguments over whether the court should impose sanctions, according to documents filed in California federal court.

U.S. District Judge Yvonne Gonzalez Rogers on Thursday approved Alec Otto's request to withdraw his motion for class certification and approved his move to voluntarily dismiss the suit with prejudice. The judge requested a round of briefing on whether the defendants should be awarded attorney fees and litigation costs.

Otto had accused the developers of cryptocurrency Nano of fraud,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!