Tagged: lawsuit

Pile On: Yirendai Now Has Eight Lawsuits Against Them

China Punishiment Image

At the most recent count, China-based peer to peer lender Yirendai (NYSE:YRD) has at least eight class-action lawsuits filed against the company following the enactment of new regulations directed towards the booming online lending industry in China. The firms that have made public proclamations are as… Read More

Florida Court Explains Why Bitcoin is Not Money


Having just gotten around to reading the order granting the motion to dismiss in the proceedings of the State of Florida vs. Michell Abner Espinoza, the document by Circuit Court Judge Teresa Pooler, is pretty interesting.  The case regarding Espinoza has been in the news… Read More

iFunding Settles Lawsuit, Says Most Recent Month Best Ever

William Skelley

Real estate crowdfunding platform iFunding (Innovational Funding LLC) has settled a lingering lawsuit regarding a shareholder claim against the young  company. According to information provided by iFunding, the lawsuit brought against the company by Michael J. Turner has been settled for cash.  The cash settlement… Read More

Yirendai Gets Hit with Several Lawsuits on Share Price Decline


The several law firms have filed class-action lawsuits on behalf of shareholders of Yirendai (NYSE:YRD) who acquired shares at some point during 2016 – some of the filings are specifying date ranges. The reason this is interesting is that these law firms are faulting Yirendai… Read More

As Skully Collapses, Lawsuit Heats Up as Founders are Sued with Allegations of Fraud


Last month it was reported that Skully, a company launched to create a super cool augmented reality motorcycle helmut, had jettisoned its founders as investors had enough of the lack of progress and mismanagement. Yesterday, TechCrunch reported that Skully is no more. While the very… Read More

Primo Toys Addresses Digital Dream Labs Lawsuit

Cubetto 6

Following the news that Pittsburgh tech startup, Digital Dream filed an infringement lawsuit for its Kickstarter-funded project, Cubetto, Primo Toys officially addressed the situation. As previously reported, Cubetto is a toy for both boys and girls and is powered by what is described as a “tangible” programming… Read More

Pittsburgh Tech Startup Digital Dream Labs Files Lawsuit Against Primo Toys For Patent Infringement

Cubetto 4

Just a few months after Crowdcube #FundedClub member Primo Toys raised nearly $1.6 million through its Kickstarter initiative for educational toy Cubetto, Pittsburgh tech startup, Digital Dream, announced it was officially filing a lawsuit against the UK toy maker for reportedly marketing and selling an… Read More

Creators of Crowdfunding Success “Star Trek: Axanar” Unveils Trailers Midst Lawsuit (Video)

Axanar 2

Just six months after Paramount and CBS announced they have filed a lawsuit against Star Trek:Axanar for copyright infringement, creators of the crowdfunding success have unleashed the film’s first two trailers. The film has raised over $1 million through Indiegogo and Kickstarter campaigns. Although it is considered a feature film,… Read More

Lawsuit Filed Against iFunding “Discontinued with Prejudice”

Gavel Dismissed

In a pretty big win for the real estate crowdfunding platform iFunding, the lawsuit filed against it by CapStack Partners was “discontinued with prejudice in all respects” yesterday. Crowdfund Insider reported in January that CapStack Partners had filed a grievance with the Supreme Court of… Read More

“Axanar” Legal Woes Continues: Paramount & CBS Amend Lawsuit to Include The Use of Klingon Language & Vulcan Ears

Boxing Gloves Fight Box

And the legal woes just keep on coming for crowdfunding success Axanar. Back in December 2015, film giants Paramount and CBS slapped the project with an infringement lawsuit. The companies have viewed the film as a violation of their intellectual property and filed a lawsuit in California… Read More

COIN Tossed Into Class Action Lawsuit by SF Lawfirm

Unhappy Balloon Sad

COIN, the one card to rule them all, has been slapped with a class action lawsuit filed by Kronenberger Rosenfeld, a San Francisco-based law firm that specializes in internet, tech and media law.  The suit was filed against COIN alleging they “knowingly marketed a defective product”…. Read More

Tough Month. iFunding Hit with Second Lawsuit

Unhappy Balloon Sad

Real estate crowdfunding platform iFunding has been hit with a second lawsuit. iFunding was recently blindsided by a suit filed by CapStack Partners in the New York Supreme Court. Today The Real Deal is reporting that iFunding is party to a second suit, this one… Read More

U.S. Judge Rules: Total Recall’s Lawsuit Against Oculus’ Palmer Luckey May Now Proceed

Palmer Luckey

Last year, Hawaii-based company, Total Recall Technologies, filed a lawsuit against former employee and Oculus creator, Palmer Luckey, for breach of contract. Now, according to PCMag, U.S. District Judge William Alsup in San Francisco this week has rules that part of the lawsuit against Luckey, which… Read More

iFunding Sued. Real Estate Crowdfunding Company Calls Lawsuit Baseless

boxing fight

iFunding, one of the earlier entrants into the real estate crowdfunding sector, has started the New Year on a bit of a sour note. In an article published in the Real Deal (TRD), it was revealed that iFunding had been sued this past December by… Read More

Paramount & CBS Files Lawsuit Against Crowdfunding Success “Axanar”

Axanar 5

Last week, Paramount and CBS announced they have filed a lawsuit against independent Star Trek film, Axanar. The film has raised over $1 million through Indiegogo and Kickstarter campaigns. It is feature film, but will be broken down into four episodes following the four acts of the script. California-based Axanar Productions previously… Read More

Recent Lawsuit May Show Big Liability Risk for Crowdfunding Platforms

Danger Electricution

Crowdfunding, and using the internet to raise money for an increasing number of industry sectors, is still in its infancy. It is really the internet that is the disruptive innovation. It is this technology that is altering the funding process and crowdfunding has become the term… Read More

Brief: Former Mexican Diplomat Seeks $100,000 Through Indiegogo Life to Help Chef José Andrés With Donald Trump Lawsuit

Chef José Andrés 1

Following the announcement of real estate mogul Donald Trump suing celebrity chef, José Andrés, a former Mexican diplomat, Jorge Guajardo, has launched a crowdfunding campaign on Indiegogo Life to help the chef with his legal battle. According to International Business Times, Andrés pulled out of his deal in July… Read More

Kickstarter Wins Crowdfunding Patent Lawsuit Against ArtistShare


Kickstarter has achieved a major victory in federal court today, marking the end of a four-year-long patent dispute. In 2011, ArtistShare, which was founded Brian Camelio, was issued a patent for “Method and Apparatuses for Financing and Marketing a Creative Work,” claiming “a system and method for… Read More

Montana & Massachusetts Update “Fools Errand” SEC Lawsuit

Damage Dollar Money

The states of Massachusetts and Montana have filed a joint preliminary statement of issues. Once again the two state securities regulators, William Galvin in Massachusetts and Monica Lindeen in Montana, are reiterating their criticism of the SEC and recently enacted rules for Regulation A+. The… Read More