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Centra Tech Investors Get Class Status in Coin Offering Case

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September 13, 2021
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Centra Tech Investors Get Class Status in Coin Offering Case
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Sept. 13, 2021, 5:03 PM

  • Investor class licensed following profitable eleventh Circuit journey
  • Centra Tech didn’t cite authority for a few of its arguments

Centra Tech Inc. buyers who say the corporate misled them about its preliminary coin providing could pursue their securities fraud case as a bunch after a federal choose in Florida licensed their class.

Traders bought digital tokens as a part of Centra Tech’s 2017 ICO, throughout which the corporate falsely promised partnerships with Visa and Mastercard, main its founders to plead guilty to securities and wire fraud. The U.S. District Courtroom for the Southern District of Florida initially rejected the buyers’ class certification bid however approved it after the Eleventh Circuit weighed in.

The district court docket adopted the U.S. Courtroom …

Jennifer Bennett

Jennifer Bennett

Authorized Reporter

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