Claims Trimmed In Securities Class Action Against Cryptocurrency Seller, Others

Mealey's (March 2, 2020, 2:41 PM EST) -- SAN FRANCISCO — A purchaser of cryptocurrency’s federal securities law claims against the issuer of the digital tokens, its wholly owned subsidiary and CEO are not barred by the statute of repose because although the claims are subject to the first-offered rule, the investor filed his complaint within three years of the defendants’ first bona fide offering of the tokens, a federal judge in California ruled Feb. 26 (Vladi Zakinov v. Ripple Labs Inc., No. 18-6753, N.D. Calif., 2020 U.S. Dist. LEXIS 32982)....