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Lawsuit filed for Investors in EOS digital tokens offered by Block.one

05-26-2020 09:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in EOS digital tokens offered by Block.one over alleged securities laws violations.

A lawsuit was filed on behalf of investors in EOS digital tokens offered by Block.one over alleged securities laws violations.

An investor in EOS digital tokens offered by Block.one filed a lawsuit over alleged violations of Federal Securities Laws by Block.one

Investors who purchased EOS digital tokens offered by Block.one have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiffs allege that June 26, 2017 through the present, Block.one and individuals Brendan Blumer and Dan Larimer promoted, offered, and sold an unregistered security called "EOS" throughout the United States, in violation of federal and state securities laws. The plaintiffs say that starting in June 2017 and over the course of almost a year, Block.one sold 900 million EOS cryptocurrency tokens in the United States and other countries, while at no time registering its offering with the Securities and Exchange Commission, as required by U.S. securities law, nor seeking an exemption from registration (for which it did not qualify). The plaintiff alleges that Block.one profited handsomely but ultimately left investors holding little more than crypto-dust.

In September 2019, the Securities and Exchange Commission issued a cease-and-desist order against further sale of Block.one's tokens, determining they were securities under the law and had been sold without proper registration

Those who purchased EOS digital tokens offered by Block.one have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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