May 20, 2020, 10:43AM EDT
• 8 min read

Why a new class action against Block One presents new peril to the defendants that the SEC settlement did not resolve

Quick Take

  • New lawsuit against Block One and its founders was filed 5/19/2020 in New York federal court
  • Plaintiffs seek class action status using a “fraud on the market” theory to prove reliance in a securities fraud case
  • The lawsuit presents some peril to the Defendant because of the fraud allegations, a prior SEC order — it’s  one to watch

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