Roche Cyrulnik Freedman & Selendy & Gay Announce Class Action Filing Asserting Federal Securities & Other Claims Against KuCo...
08 Abril 2020 - 9:21PM
Business Wire
Roche Cyrulnik Freedman LLP and Selendy & Gay PLLC, elite
litigation law firms based in New York, announce that a lawsuit is
pending in the Southern District of New York that alleges that
KuCoin and certain officers of KuCoin (collectively, “Defendants”)
violated federal and state securities laws by offering and selling
digital tokens, without registering under applicable federal and
state securities laws as an exchange or broker-dealer, and without
a registration statement in effect for the securities it was
offering and selling. The proposed class includes all persons who
purchased any of the following ten digital tokens on the KuCoin
exchange between September 15, 2017 and the present (the “Class
Period”): EOS, SNT, QSP, KNC, TRX, OMG, LEND, ELF, CVC, and TOMO.
The lawsuit, captioned Williams v. KuCoin et al., is pending under
docket number 1:20-cv-02806-GBD and seeks rescission and
damages.
The federal securities claims are brought under Sections 5,
12(a)(1), and 15 of the Securities Act of 1933, 15 U.S.C. §§ 77e,
77l(a)(1), 77o, and Sections 5, 15(a)(1), 20 and 29(b) of the
Securities Exchange Act of 1934, 15 U.S.C. §§ 78e, 78o(a)(1), 78t,
78cc(b). The state securities claims are brought under Tex. Rev.
Civ. Stat. art. 581-33.
Pursuant to the Private Securities Litigation Reform Act, 15
U.S.C. §§ 77z-1(a)(3)(A)(i)(II), 78u-4(a)(3)(A)(i)(II), any member
of the proposed class seeking to serve as lead plaintiff of the
proposed class shall, no later than 60 days after the date on which
this notice is published, move the Court for appointment as lead
plaintiff and approval of lead plaintiff’s selection of lead
counsel. Any member of the proposed class may move the Court to
serve as lead plaintiff through counsel of their choice, or may
choose to do nothing and remain a member of the proposed class. If
you purchased EOS, SNT, QSP, KNC, TRX, OMG, LEND, ELF, CVC, or TOMO
on the KuCoin exchange during the Class Period, you have until June
8, 2020 to ask the Court to appoint you as lead plaintiff for the
class.
No class has yet been certified in the above action. Until a
class is certified, you are not represented by counsel unless you
retain a lawyer. You may retain counsel of your choice. You may
also remain an absent class member and do nothing at this point.
Your ability to share in any potential future recovery is not
dependent upon serving as lead plaintiff.
If you wish to discuss this action, your potential claims, or
have any other questions concerning this notice or your legal
rights or interests, please contact plaintiff’s counsel:
Kyle W. Roche Roche Cyrulnik Freedman LLP 99 Park Avenue, 19th
Floor New York, NY 10016 kyle@rcfllp.com (646) 970-7509
https://rcfllp.com/
Philippe Z. Selendy Selendy & Gay, PLLC 1290 Sixth Avenue,
17th Floor New York, NY 10104 pselendy@selendygay.com (212)
390-9002 https://www.selendygay.com/
Roche Cyrulnik Freedman and Selendy & Gay have significant
experience in prosecuting major securities actions, including in
the crypto-asset space, and have collectively recovered billions on
behalf of clients. Both firms represent plaintiffs and defendants
worldwide and are part of the team appointed interim lead counsel
in the lawsuit concerning digital assets captioned Leibowitz et al
v. iFinex Inc. et al, pending in the Southern District of New York
under docket number 1:19-cv-09236.
This notice may be considered attorney advertising in some
jurisdictions under the applicable law and rules of ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20200408005823/en/
Kyle W. Roche Roche Cyrulnik Freedman LLP 99 Park Avenue, 19th
Floor New York, NY 10016 kyle@rcfllp.com (646) 970-7509
https://rcfllp.com/
Philippe Z. Selendy Selendy & Gay, PLLC 1290 Sixth Avenue,
17th Floor New York, NY 10104 pselendy@selendygay.com (212)
390-9002 https://www.selendygay.com/