ATBCoin initial coin offering Investor Class Action Lawsuit 01/09/2018

If you invested a significant amount in the ATBCoin initial coin offering (ICO), you have certain options and for certain investors are short and strict deadlines running. Deadline: March 12, 2018. ATBCoin initial coin offering investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
ATBCoin
Case Name: 
ATBCoin ICO Class Action Lawsuit 01/09/2018
Case Status: 
Lawsuit Filed
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
01/09/2018
Court of Filing: 
U.S. District Court for the Southern District of New York
Deadline To File for Lead: 
03/12/2018
Summary: 

An investor in the ATBCoin initial coin offering (ICO) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by ATBCoin LLC.

According to the complaint the plaintiff alleges the ATBCoin initial coin offering (ICO) violated the Securities Act of 1933 by engaging in interstate commerce for the purposes of offering, selling, or delivering unregistered securities. The plaintiff claims that the ATBCoin token was a security because the defendants marketed and sold them as investments that would generate “profit” for purchasers. More specifically, the plaintiff claims that The ATB ICO was a clear offer and sale of securities because, inter alia [among other things], Defendants touted, and Plaintiff and other ATB ICO investors reasonably expected, that the ATB Coins received in exchange for their investments would be worth more than the ETH, BTC, LTC or other currencies invested.