Tagged: lawsuit

Stormy Daniels Launches CrowdJustice Campaign to Raise Funds For Her Legal Battle Against President Trump

Following the announcement that she is suing President Trump over a non-disclosure agreement about their alleged affair in 2006, Stephanie Clifford, also known as Stormy Daniels, has launched a crowdfunding campaign on CrowdJustice, seeking funds to cover her legal fees and other expenses. While sharing details… Read More

Lawsuit Against The Crypto Company is Voluntarily Dismissed

The law firm of Pomerantz LLP has announced that the class action lawsuit against The Crypto Company (OTCMKTS:CRCW) and certain of its officers, alleging violations of the Securities Exchange Act of 1934, has been voluntarily dismissed. The Securities and Exchange Commission (SEC) halted trading in… Read More

Giga Watt Lawsuit Demonstrates Rescission Power of Initial Coin Offering Investors

Some may have missed a distinctive feature of the recently filed class action lawsuit against Bitcoin mining company Giga Watt, Inc.: it is not a fraud suit. It is a suit for rescission (return of invested funds, with interest) based on the company’s having failed… Read More

Uh Oh!: “Star Citizen” Developers Slapped with Lawsuit By Crytek For Breach of Contract

Big trouble for a crowdfunding success. Star Citizen, a highly anticipated video game that has surpassed more than $170 million in funding, is facing some legal issues. Cloud Imperium Games (CIG) and Roberts Space Industries (RSI), the creators of the game, have been slapped with a lawsuit by… Read More

Tezos Hit with Class Action Lawsuit Filed In California. Is this the Beginning of the End for Unregistered ICOs?

Tezos raised an astounding $232 million in an Initial Coin Offering (ICO) this past summer.  As the price of Bitcoin and other cryptocurrencies rocketed higher, some industry followers pegged the actual raise by Tezos closer to $400 million. A couple weeks back things started to… Read More

hiQ Labs Launches CrowdJustice Campaign to Support Lawsuit Against LinkedIn Over Access to Publicly Available Internet

California-based data analytics startup, hiQ Labs, has launched a crowdfunding campaign on CrowdJustice to continue its legal against LinkedIn over access to publicly available on the internet. According to hiQ, the initiative is seeking $100,000 to fund litigation costs, which includes the cost of the… Read More

LendingClub Lawsuit Sees Judge OK Class Certification (Document)

A law suite between investors and LendingClub (NYSE:LC) received the green light to proceed as a class action from US District Judge William Alsup in California last week. The case stems from investors who purchased shares in the online lender only to see the value… Read More

Lawsuit Against Tezos ICO Investigates Securities Fraud

Boston based law firm Block & Leviton has initiated an investigation into the Tezos Initial Coin Offering (ICO). Tezos raised about $232 million in one of the largest ICOs of all time several months back. Since the date of the ICO the price of Crypto… Read More

BitLicense Battle: Hearing Scheduled for Chino vs. NYDFS, Following $1 Billion Claim in Damages

Theo Chino will be back in court tomorrow (October 10) regarding his ongoing battle with the New York Department of Financial Services (NYDFS). In brief, Chino is battling the DFS creation of the “BitLicense Regulatory Framework” that delivered a bumpy process to license virtual currency business… Read More

NYT Reports Details on SoFi CEO Cagney’s Impending Departure from Fintech Firm

Additional details have been reported surrounding the planned departure of one of the most prominent Fintech CEOs in the world. NYT.com has published a report on the “Frat House” like environment that existed at SoFi with CEO Mike Cagney reportedly being a prime offender. The… Read More

LendingClub Hit with Lawsuit

LendingClub (NYSE:LC) has been hit with a lawsuit that names former CEO Renaud Laplanche alongside current and former board members and former CFO Carrie Dolan. The complaint, filed in the Court of Chancery in Delaware, states; “Throughout the period December 11, 2014 and continuing through… Read More

OCC Motion to Dismiss Regarding Conference of State Bank Supervisors Lawsuit: A Fatally Premature Attempt to Remedy a Speculative Harm

Earlier this month the Office of Comptroller of the Currency (OCC) fired off a counter salvo in the legal battle regarding the OCC Fintech Charter. The Conference of State Bank Supervisors (CSBS) launched an attack against the OCC this past spring. Many Fintech industry participants… Read More

Lawsuit Against P2P Lender Yirendai Dismissed

Yirendai (NYSE:YRD), a China based peer to peer lender that is a sister company of CreditEase, has shared that a lawsuit filed against it in 2016 has been completely dismissed. The putative class action lawsuit was brought by multiple law firms pertaining to the decline in… Read More

Here is the Complaint Filed by the New York State Department of Financial Services Against the Office of the Comptroller of the Currency

As we reported last week, Maria T. Vullo, the Superintendent of the New York State Department of Financial Services, filed a lawsuit against the Office of the Comptroller of the Currency (OCC), and Keith Noreika, acting Comptroller. The complaint pertains to the OCC”s Fintech Charter…. Read More

New York Department of Financial Services Sues OCC Regarding National Fintech Charter

The New York Department of Financial Services has filed a lawsuit in US District Court in Manhattan against the Office of the Comptroller of the Currency (OCC). The action was taken to challenge the OCC’s initiative to issue national Fintech Charters. Reuters reported the NYDFS legal… Read More

CFPB Sues Four Online Lenders Operated by a California Indian Tribe

The Consumer Financial Protection Bureau (CFPB) has sued four online lenders for collecting debt from consumers they allegedly did not owe. The four lenders include: Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc., and Majestic Lake Financial, Inc. – The suit… Read More

PayPal Directors Hit With Class Action Suit from Shareholders Over Venmo

  On March 24, 2017, shareholders of PayPal Holdings Inc., the parent company of mobile-payment provider Venmo, filed a derivative suit against its directors in the District Court of Delaware. A derivative suit is a form of class action in which shareholders can sue company… Read More

ONAGOFly Hit with Class Action Lawsuit Regarding Crowdfunding Campaign

ONAGOFly, a top-twenty Indiegogo crowdfunding campaign and the 2nd most funded drone project ever on the platform, has been hit with a class action lawsuit filed in United States District Court in California on March 27, 2017. The lawsuit was filed by Allan Black, Christopher… Read More

VidAngel Shuts Down as Judge Denies Request to Stay Preliminary Injunction

VidAngel Asks Investors / Supporters to Call Members of Congress to Aid in their Legal Battle VidAngel has been slapped down once again in its ongoing legal battle with the big movie studios. VidAngel, a video on demand service that uses an interesting workaround to… Read More

Creators of Crowdfunded Star Trek Film “Axanar” Heading to Court For Paramount & CBS Infringement Lawsuit

One year after Paramount and CBS filed a copyright infringement lawsuits against Star Trek fan film, Axanar, the studios are now heading to court to present their case against the Indiegogo and Kickstarter-funded project. Axanar raised over $1 million through Indiegogo and Kickstarter campaigns and is described… Read More