11th Circ. Drops T.I. Lyrics, Sides With Rapper In Crypto Ruling
By Melissa Angell (June 21, 2021, 7:21 PM EDT) -- The Eleventh Circuit on Monday affirmed that an investor's proposed class action accusing rapper T.I. and his business partner of securities law violations over a cryptocurrency offering is untimely, refusing to accept the investor's argument that fraudulent concealment extended the statute of limitations.
Weaving seven T.I. song references into their 21-page published opinion, a three-judge panel said a lower court got it right in finding that investor Kenneth Fedance's suit was raised too late against Clifford Joseph "T.I." Harris Jr. and entertainment executive Ryan Felton.
Despite the investor's claims that fraudulent concealment "equitably tolled" the statute of limitations period, the panel...
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!