SAN FRANCISCO, Jan. 08, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds crowdfund investors in Tezos (XTZ) of the January 25, 2018 Lead Plaintiff deadline in the pending securities class action. If you submitted bitcoin (BTC), Ethereum (ETH) or other consideration in the in the July 2017 Tezos offering or crowdsale in order to purchase or otherwise acquire “Tezzies” or “XTZ” tokens contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/XTZ
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
The complaint alleges that Dynamic Ledger Solutions, Inc., Tezos Stiftung (also known as the Tezos Foundation), Kathleen Breitman, and Arthur Breitman engaged in an unregistered offering and sale of securities in violation of Sections 5, 12(a)(1) and 15 of the Securities Act of 1933, 15 U.S.C. §§ 77e, 77l(a)(1) and 77o, and that the Tezos ICO was an offering and sale of "securities" to United States investors. Because the “Tezzies” or “XTZ” token offering was an offering of securities subject to the U.S. securities laws, the Defendants were required to file a Registration Statement with the Securities and Exchange Commission (SEC). Instead, the Defendants conducted the Tezos ICO without filing a Registration Statement or seeking an exemption from registration. The lawsuit seeks to recover the bitcoin and Ethereum contributed to the Tezos ICO, along with any corresponding appreciation in value of those invested assets, or the equivalent in monetary damages or restitution.
“We’re focused on recovering the consideration paid by Tezos crowdfund investors, and to preserve these assets which have been shuttled away to Zug Switzerland,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding the Tezos ICO should consider their options to help in the investigation or take advantage of the SEC whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email XTZ@hbsslaw.com.
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Contact:
Reed Kathrein, 510-725-3000