Processing your request


please wait...

Case Page

 

Case Status:    ONGOING    
On or around 08/05/2019 (Ongoing date of last review)

Filing Date: May 07, 2019

According to the Complaint, ONECOIN LTD., founded in or about April 2014, is a foreign corporation based in Sophia, Bulgaria, and markets a purported digital cryptocurrency called “OneCoin” through a global multi-level marketing (“MLM”) network of OneCoin members.

The Complaint alleges that OneCoin Ltd., its related corporate entities, and the Companies' founders and principals fraudulently promoted cryptocurrency investments and engaged in an unregistered offering and sale of securities that violated numerous federal securities laws. The Complaint further alleges that OneCoin's principals laundered hundreds of millions of dollars of investor funds.

On July 11, 2019, the Court issued an Order appointing Lead Plaintiff. On July 24, the Court approved Lead Plaintiff's selection of Counsel. Lead Plaintiff filed an amended Complaint on August 2.

COMPANY INFORMATION:

Sector:
Industry:
Headquarters: Bulgaria

SECURITIES INFORMATION:

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: S.D. New York
DOCKET #: 19-CV-04074
JUDGE: Hon. Valerie E. Caproni
DATE FILED: 05/07/2019
CLASS PERIOD START: 09/01/2014
CLASS PERIOD END: 05/07/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Silver Miller
  2. The Braunstein Law Firm, PLLC
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 19-CV-04074
JUDGE: Hon. Valerie E. Caproni
DATE FILED: 08/02/2019
CLASS PERIOD START: 09/01/2014
CLASS PERIOD END: 05/07/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky LLP (New York)
    55 Broadway, Ste 10th Floor, Levi & Korsinsky LLP (New York), NY 10006
    212.363.7500 ·
  2. Silver Miller
    11780 W. Sample Road, Silver Miller, FL 33065
    954 516 6000 ·
No Document Title Filing Date
—Related District Court Filings Data is not available