Control-Person Liability, Nonregistration Claims Dismissed In Investor Suit

Mealey's (June 23, 2021, 2:39 PM EDT) -- NEW YORK — A federal judge in New York on June 18 granted partial dismissal of federal securities claims brought by a husband and wife against the controlling officer of two media companies stemming from the defendants’ alleged offering of unregistered securities and virtual currency, ruling that although the investors have sufficiently pleaded allegations supporting the defendant’s liability under the Securities Act of 1933, they have failed to sufficiently plead their claim for control-person liability....