Want to get this daily news briefing by email? Here’s the sign-up.


WHAT WE’RE WATCHING

ICO – A federal judge has given preliminary sign off to what appears to be a first-of-its-kind class action settlement involving an initial coin offering. Ross Todd reports that Judge Richard Seeborg in California’s Northern District indicated during a hearing Thursday that he was granting preliminary approval to a $25 million proposed deal that the Tezos Foundation reached last month to settle claims brought on behalf of investors who claimed that the initial coin offering on the Tezos blockchain violated U.S. securities laws.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]