On or around 03/31/2019 (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.
Company & Securities Information
Defendant: ATBCOIN LLC
Industry: Misc. Financial Services
Headquarters: United States
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.