Published May 16, 2018
On May 10, 2018, United States District Court Judge Jeffrey S. White appointed Levi & Korsinsky, LLP to serve as Lead Counsel in the class action lawsuit against Paragon Coin, Inc. entitled Davy v. Paragon Coin, Inc., et al. 4:18-cv-00671-JSW (N.D. Cal.).
The class action alleges that Paragon Coin, a cryptocurrency startup, violated securities laws by not registering its initial coin offering with the U.S. Securities and Exchange Commission. The firm looks forward to representing those investors alleged to have been harmed by this conduct and achieving a positive result in this lawsuit on their behalf.
Levi & Korsinsky has been at the forefront of cryptocurrency-related securities litigation, including representing shareholders who suffered losses as a result of securities laws violations related to initial coin offerings and the issuance of unregistered securities, as well the issuance of misleading information to investors. On April 11, 2018 the firm was appointed Co-Lead in Rensel v. Centra Tech, Inc., 17-cv-24500-JLK (S.D. Fla. Apr. 11, 2018), representing investors allegedly misled by certain assertions made by Centra Tech and spokespersons hired by the company.
For more information about the Paragon Coin lawsuit, please contact Levi & Korsinsky attorneys Eduard Korsinsky, Rosemary M. Rivas, Donald J. Enright and John A. Carriel.