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Case Status:    SETTLED
On or around 08/27/2019 (Court's order of dismissal)

Filing Date: June 06, 2018

Plaintiff's law firm issued a press release on June 14, 2018, to announce the filing of the lawsuit. According to the press release, the Complaint alleges that during the Class Period, Latium Network, Inc. ("Latium" or the "Company") conducted an initial coin offering during which it received over $17 million by selling LatiumX tokens to investors. Prior to conducting the Latium initial coin offering, the Company did not submit any registration statements to the United States Securities and Exchange Commission and there were not any available exemptions from registration. The action alleges that the Latium initial coin offering constitutes the offer and sale of unregistered securities without an exemption in direction violation of the Securities Act. The Complaint also alleges that Latium’s senior executives, the individual Defendants, are liable under federal securities laws as controlling persons who had sufficient influence over and direct knowledge of Latium’s involvement in the initial coin offering.

On August 21, 2018, Defendants filed a Motion to Dismiss the Complaint. On October 2, the Court issued an Order appointing Lead Plaintiff and Counsel. On December 10, the Court issued an Order denying Defendants' Motion to Dismiss the Complaint.

On June 28, 2019, the parties notified the Court that they had reached a private Settlement Agreement. The case was dismissed on August 27.


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


Ticker Symbol:
Company Market:
Market Status:

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: D. New Jersey
DOCKET #: 18-CV-10255
JUDGE: Hon. Susan D. Wigenton
DATE FILED: 06/06/2018
CLASS PERIOD END: 03/01/2018
  1. Calcagni & Kanefsky
  2. Flint Law Firm LLC
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available