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/PRNewswire/ -- CELL Protocol Foundation announced to launch its pre-mining network by January 2022, a step forward in the company's overarching mission to...
OAKLAND — Gov. Gavin Newsom relied on $80,000 from a donor-connected foundation, along with complimentary use of Dodger Stadium, to deliver a splashy State of the State speech this week that offered a defense against a mounting recall effort. The Democratic governor departed from convention by delivering his annual address not to elected officials at the state Capitol but in an empty Dodger Stadium under the lights. A Newsom representative said the Dodgers provided the venue — an in-kind contribution whose value has not yet been specified — and that production costs were covered by the ...
US judge dismisses crypto fraud case against BNT token issuer A U.S. federal judge ruled to dismiss a case against crypto firm Bancor, citing lack of personal jurisdiction and the plaintiff’s failure to prove losses. 6793 Total views News A federal district court in the United States has dismissed a securities fraud class action against Israel-based cryptocurrency firm Bancor. U.S. district judge Alvin Hellerstein ruled on Monday to dismiss a case against Bancor, stating that plaintiffs had failed to allege losses as well as citing lack of personal jurisdiction. The judge has also ...
US Judge Strikes Out Securities Fraud Case Against Bancor Last Updated: 24 February 2021 Judge Alvin Hellerstein of a federal district court in the United States (US), has struck out a securities fraud class action against Bancor, an Israel-based cryptocurrency firm. Ruling in favor of Bancor, the judge has also canceled an oral argument scheduled for Thursday, March 4, 2021. How it Happened Bancor was dragged to court by New York law firms Roche Cyrulnik Freedman and Selendy & Gay last year. The law firms alleged that Bancor Protocol Developer, BProtocol Foundation, viola...
A New York judge has tossed a lawsuit filed against Bancor, or BProtocol Foundation, that claimed the sale of unregistered securities, according to an Order Granting Motion to Dismiss received by CI. Judge Alvin Hellerstein dismissed the case and the Plaintiff’s offer to re-plead was denied. BProtocol Foundation (Bancor) is organized under the law of Switzerland, with offices in Zug, Switzerland, and Tel Aviv, Israel. In 2017, Bancor raised about $153 million in a token offering. According to company representatives, the ruling is decisive as Judge Hellerstein canceled an oral argument t...