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Case Status:    SETTLED
On or around 06/16/2020 (Date of last review)

Filing Date: December 21, 2017

According to the Complaint, it is alleged that in connection with the ATB initial coin offering (“ICO”), Defendants raised over $20 million in digital cryptocurrencies by offering and selling unregistered securities in direct violation of the Securities Act.

On April 13, 2018, Defendants filed a Motion to Dismiss the Complaint. On March 31, 2019, the Court issued an Order denying Defendants' Motion to Dismiss. The Court also approved Lead Plaintiff and Counsel.

On March 3, 2020, the Court issued an Order discontinuing the action as the case had been reported to be settled. On April 10, the parties entered into a Stipulation and Agreement of Settlement. On May 12, Defendants notified the Court that they were unable to fund the Settlement.


Sector: Financial
Industry: Consumer Financial Services
Headquarters: United States


Ticker Symbol: N/A
Company Market: N/A
Market Status: N/A

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 17-CV-10001
JUDGE: Hon. Vernon S. Broderick
DATE FILED: 12/21/2017
CLASS PERIOD END: 12/21/2017
  1. Levi & Korsinsky, LLP
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available