Davis Polk Successfully Resolves Putative Securities Class Action Relating to Alleged Cryptocurrency Initial Coin Offering
March 26, 2020
March 26, 2020
NEW YORK, March 26 -- Davis Polk and Wardwell, a law firm, issued the following news:
Davis Polk has secured a first-of-its kind class action settlement on behalf of its client, Tezos Stiftung (or the Tezos Foundation), in a case filed in federal court in California alleging that a cryptocurrency fundraiser constituted an alleged illegal offering of securities. The Tezos Foundation is a foundation organized under the laws of Switzerland that promotes the adoption and use of a blockc . . .
Davis Polk has secured a first-of-its kind class action settlement on behalf of its client, Tezos Stiftung (or the Tezos Foundation), in a case filed in federal court in California alleging that a cryptocurrency fundraiser constituted an alleged illegal offering of securities. The Tezos Foundation is a foundation organized under the laws of Switzerland that promotes the adoption and use of a blockc . . .