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Paragon Coin, Inc Investor ICO Class Action Lawsuit 02/01/2018

  • If you invested in Paragon Coin, Inc, you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Security

Case Name
Paragon Coin Class Action Lawsuit 02/01/2018
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Northern District of California

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Summary

June 10, 2019 - A second amended complaint was filed.

June 22, 2018 - An amended complaint was filed.

February 1, 2018 - An investor in Paragon Coin, Inc filed a lawsuit in the U.S. District Court for the Northern District of California over alleged violations of Federal Securities Laws by Paragon Coin, Inc.

According to the complaint the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that Paragon Coin, Inc violated Sections 12 and 15 of the Securities Act of 1933 by engaging in interstate commerce for the purposes of offering, selling, or delivering unregistered securities.

The plaintiff says that in connection with Paragon Initial Coin Offering (“ICO”), which ran from approximately August 15, 2017 through October 16, 2017, Defendants raised at least $70 million in digital cryptocurrencies by offering and selling unregistered securities in direct violation of the Securities Act.