Longfin Investors Want Another Shot At Network 1 Claims
Law360 (September 16, 2019, 7:01 PM EDT) -- Investors in the shuttered cryptocurrency company Longfin Corp. would like one more chance to make their case against Network 1 Financial Securities Inc., a broker-dealer they claim misled them about Longfin's value.
The investors told U.S. District Judge Denise Cote on Monday that they have new details in latest version of the allegations against Network 1, seeking her permission to file a third amended complaint.
They said the revelations support their own claims that "Network 1, at minimum, was on clear notice of the Longfin fraud and recklessly disregarded glaring red flags in actively participating in Longfin's fraudulent scheme."
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