Paragon Coin, Inc Investor ICO Class Action Lawsuit 02/01/2018

If you invested a significant amount in Paragon Coin, Inc, you have certain options and for certain investors are short and strict deadlines running. Deadline: April 2, 2018. Paragon Coin, Inc 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): 
Paragon Coin
Case Name: 
Paragon Coin Class Action Lawsuit 02/01/2018
Case Status: 
Lawsuit Filed
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
02/01/2018
Court of Filing: 
U.S. District Court for the Northern District of California
Deadline To File for Lead: 
04/02/2018
Summary: 

An investor in Paragon Coin, Inc filed a lawsuit in the U.S. District Court for the Northern District of California over alleged violations of Federal Securities Laws by Paragon Coin, Inc.

According to the complaint the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that Paragon Coin, Inc violated Sections 12 and 15 of the Securities Act of 1933 by engaging in interstate commerce for the purposes of offering, selling, or delivering unregistered securities.

The plaintiff says that in connection with Paragon Initial Coin Offering (“ICO”), which ran from approximately August 15, 2017 through October 16, 2017, Defendants raised at least $70 million in digital cryptocurrencies by offering and selling unregistered securities in direct violation of the Securities Act.