Default Judgment Granted, Damages Awarded Against ICO Operator

Mealey's (December 3, 2018, 3:18 PM EST) -- WEST PALM BEACH, Fla. — A federal judge in Florida on Nov. 30 ruled that a sufficient basis exists to enter default judgment in a securities fraud lawsuit against the founder of a cryptocurrency and his company because the defendants failed to properly move to set aside previously entered defaults, comply with court order or otherwise “plead to the complaint” (Andrew Johnsen v. Sean R. Kirtz, et al., No. 18-81019, S.D. Fla., 2018 U.S. Dist. LEXIS 203272)....