| Initial Coin Offering of
ATBCOIN Lawsuit Has Defendant Lawyer
Withdrawing Inner City Press on Case
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- The
Source
SDNY COURTHOUSE,
July 8 –
An initial coin
offering by ATBCOIN resulted
in a lawsuit in 2017 and now
the defendants' counsel is
withdrawing.
On July 8 U.S.
District Court for the
Southern District of New York
Judge Vernon S. Broderick held
a proceeding. Inner City Press
covered it.
The complaint said that
"defendants raised over $20
million in digital
cryptocurrencies by offering
and selling unregistered
securities in direct violation
of the Securities
Act."
But now the
lawyers from these defendants
are seeking to withdraw.
Judge Broderick
on July 8 declined to grant
the motion, saying he wanted
to hear from the individual
defendants, apparently on
August 5.
The case is
Balestra v. ATBCOIN LCC, et
al., 17-cv-10001 (Broderick)
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2019 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com for
|
,
