2nd Circ. Revives $ 38.6 Million Helbiz Crypto ICO Fraud Suit

By Dave Simpson (Oct 4, 2021, 10:53 p.m. EDT) – The Second Circuit on Monday relaunched a lawsuit alleging that the leaders behind the failing cryptocurrency Helbiz raised $ 38.6 million from the sale of its coin and pledges to innovate in the rental of urban transport, to go back on the promise and refuse to return the money to the initial buyers.

In an unreported unanimous decision, the panel said the New York federal court erred in applying Morrison v. National Australia Bank of 2010 of the United States Supreme Court, which limits the application of Section 10 (b) of the Securities Exchange Act to transactions. listed on national stock exchanges and national transactions in other securities ….

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!


About Sharon Joseph

Check Also

Ethereum Merge Narrative “No Price”: Vitalik Buterin

Key points to remember Vitalik Buterin said that Ethereum’s upcoming Proof-of-Stake update is “not taken …

Leave a Reply

Your email address will not be published.