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Case Status:    ONGOING    
On or around 04/04/2020 (Date of last review)

Filing Date: April 03, 2020

According to the Complaint, the Bibox exchange was launched in November 2017. Within a few months, it had a market capitalization of approximately $215 million. Bibox facilitates trades in digital assets, including the Tokens, by providing a marketplace and facilities for bringing together buyers and sellers of securities, in exchange for Bibox taking a fee for every transaction it facilitates.

On behalf of a class of investors who purchased six digital tokens that Bibox has sold through its online exchange or its ICO since approximately October 2017 (the “Class”), without registering under applicable federal and state securities laws as an exchange or brokerdealer, and without a registration statement in effect for the securities it was selling, Plaintiff and members of the Class seek to recover the consideration paid for the tokens and the fees they paid to Bibox in connection with purchases of BIX, EOS, TRX, OMG, LEND, and ELF (together, the “Tokens”).

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

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 #: 20-CV-02807
JUDGE: Hon. Denise L. Cote
DATE FILED: 04/03/2020
CLASS PERIOD START: 10/01/2017
CLASS PERIOD END: 04/03/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Roche Cyrulnik Freedman LLP
  2. Selendy & Gay, PLLC
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available