Notice Of Proposed $22M Settlement Approved In Block.one EOS Securities Case

Mealey's (May 22, 2023, 11:06 AM EDT) -- NEW YORK — A federal judge in New York issued an order providing for notice of a proposed $22 million settlement in a class action accusing a company that promised it would develop a software program enabling the creation of novel EOS blockchain technologies of making “a host of materially false and misleading statements to induce investors to purchase EOS Securities” and failing to register its initial coin offering (ICO).  The order was issued nine months after the judge denied approval of a $27.5 million settlement because the requirement of adequate representation had not been satisfied....