Things happen in threes: Tezos hit with a third lawsuit in a month
https://medium.com/@Descrow/things-happen-in-threes-tezos-hit-with-a-third-lawsuit-in-a-month-33bfdfed1bde
https://medium.com/@Descrow/things-happen-in-threes-tezos-hit-with-a-third-lawsuit-in-a-month-33bfdfed1bde
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The latest lawsuit, filed by the Restis Law Firm and Lite DePalma Greenberg, echoes the arguments of the two that preceded it: the Tezos tokens, which were marketed to ICO participants as securities, were never legally registered as such. The language in the second suit was a bit more direct in its accusation of the Breitmans and the Tezos Foundation of outright deception:
“Notwithstanding the defendants’ attempts to avoid governmental and private scrutiny, it is clear that the financiers were indeed profit-seeking investors in a security and that Defendants promoted and conducted an unregistered offering of securities, not a charitable fundraiser.”.
What is the position of the DES team on this issue? “Notwithstanding the defendants’ attempts to avoid governmental and private scrutiny, it is clear that the financiers were indeed profit-seeking investors in a security and that Defendants promoted and conducted an unregistered offering of securities, not a charitable fundraiser.”.
