Popular on TelAve
- Tamira Chapman, CEO of Storehouse In A Box, Named EY Entrepreneur of the Year ® Finalist and Advisory Board Member to Forbes' ForbesBLK
- EclecticIQ launches version 3.0 of its flagship threat intelligence platform, Intelligence Center
- Job Search Trends Highlight Shift Toward Sustainability and Automation in Engineering and Manufacturing Sectors
- Extraordinary #homeforsale in @RamseyMN! #luxuryhomesforsale
- Industrial and systems engineers head to New Orleans for major international conference
- Electives, Inc. to launch Electives Membership on June 1
- Rob Adcock Tops One Million in Album Sales!
- Popular Influencer and actress Briana Hampton to Host New Show Premiere "Just Being Briana" In Atlanta
- TenCate Advanced Armour Begins Manufacturing Armour for Spain's Dragon VCR Vehicle
- What Donald Trump Doesn't Seem To Know About Women
Similar on TelAve
- Calvetta Phair, CEO of America's Workforce Solution, LLC, accepted into the Nasdaq Entrepreneurial Center, 'Milestone Circles' Program
- Australian Battery Recycling Technology Startup Advances Its Innovative Battery Metals Recovery Process
- Trump Bus Tour sponsored by Legacy PAC will roll into the Georgia GOP State convention June 9th and 10th Columbus Georgia
- Pettit Kohn Welcomes Esteemed Attorney John E. Drazkowski to the Arizona Team
- Golden Ticket Productions Launches New Website
- Orbex Launches New ZERO Spread Trading Account with $1 Commission per Side
- Registration is Now Open for the 2023 CGI Integrated Care Conference
- Latino Leaders Network to Honor Mayor Kate Gallego of Phoenix with the Antonio Villaraigosa Leadership Award at the 38th Tribute to Mayors
- Levinger-Regens Analytics Reveals New Energy Outlook
- Sip Social Co. Mobile Bar Trucks Showcased At BC Home + Garden Show Presents New Opportunities To Partner With Marketplace Events
Zigler Law Group Files Securities Class Action Against Letsgobrandon.com Foundation, LGBCoin, Ltd, James Koutoulas, Patrick Horsman, and NASCAR
TelAve News/10791117
CHICAGO--(BUSINESS WIRE)--Zigler Law Group, LLC, a national class action firm announced today that it has filed a class action lawsuit against Letsgobrandon.com Foundation and LGBCoin, Ltd, James Koutoulas, Patrick Horsman, and the National Association for Stock Car Auto Racing.
The action, which was filed in the U.S. District Court for the Middle District of Florida and captioned De Ford et. al. v. Koutoulas et al., Case No. 6:22-cv-652, asserts claims under § 12(a)(1) of the Securities Act of 1933 (the "Securities Act") and under §517.07 of the Florida Securities and Investment Protection Act for the sale of unregistered securities, as well as other Florida State law claims (including conspiracy, unjust enrichment, negligent misrepresentation, and promissory estoppel), on behalf of investors who purchased the LGBCoin unregistered securities, which were sold as LGBCoins on various cryptocurrency exchanges from November 2, 2021 through March 15, 2022 inclusive (the "Class Period"), and who were damaged thereby.
More on TelAve News
The complaint alleges that Letsgobrandon.com Foundation, LGBCoin, Ltd, Koutoulas, and Horsman sought to capitalize on the publicity surrounding the "Let's Go Brandon" chant and conspired to violate provisions of the Securities Act and its Florida State law analog by selling the unregistered LGBCoins. Further the complaint alleges that Koutoulas and Horsman (and their agents) solicited sales of LGBCoins by making false and misleading statements concerning NASCAR's approval of the LGBCoin sponsorship of Brandon Brown, the digital asset's growth prospects, and financial benefits for LGBCoin investors, as well as using celebrity promoters to lure in unsuspecting investors so that Koutoulas, Horsman, and other insiders could sell the unregistered LGBCoin securities in violation of federal and state securities laws.
On January 5, 2022, NASCAR announced it would not approve LGBCoin's sponsorship of NASCAR driver Brandon Brown. In the wake of this news, the price of LGBCoin fell to Class Period lows.
Lead Plaintiff Deadline
More on TelAve News
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from the date of this notice. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain a member of the proposed class.
What You Can Do
If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact Plaintiffs' counsel, Aaron Zigler of Zigler Law Group, at (312) 673-8427 or via email at aaron@ziglerlawgroup.com.
About Zigler Law Group, LLC
Zigler Law Group attorneys have successfully litigated countless complex cases across multiple industries including consumer fraud, securities fraud, breach of contract, breach of warranty, breach of fiduciary duties, and wage and hour violations, among others. Our experience litigating some of the nation's biggest cases enables us to quickly implement time-tested strategies and gives us the wisdom to know when only a novel approach will do.
Contacts
Aaron Zigler
Zigler Law Group
(312) 673-8427
aaron@ziglerlawgroup.com
The action, which was filed in the U.S. District Court for the Middle District of Florida and captioned De Ford et. al. v. Koutoulas et al., Case No. 6:22-cv-652, asserts claims under § 12(a)(1) of the Securities Act of 1933 (the "Securities Act") and under §517.07 of the Florida Securities and Investment Protection Act for the sale of unregistered securities, as well as other Florida State law claims (including conspiracy, unjust enrichment, negligent misrepresentation, and promissory estoppel), on behalf of investors who purchased the LGBCoin unregistered securities, which were sold as LGBCoins on various cryptocurrency exchanges from November 2, 2021 through March 15, 2022 inclusive (the "Class Period"), and who were damaged thereby.
More on TelAve News
- INshed Now Offers Nationwide Shipping of Fully-Assembled, Eco-Friendly Backyard Offices
- Entrinsik Appoints Madhavi W. Chandra as Chief Product Officer
- Golden Ticket Productions Launches New Website
- Perfect Ffit: the new mobile game that puts your timing and strategy skills to the test. Can you get a Perfect Fit?
- Aquia Launches Amazon Web Services (AWS) Cloud Security Assessment Offering, Pairing Automation With Deep Cloud Security Expertise
The complaint alleges that Letsgobrandon.com Foundation, LGBCoin, Ltd, Koutoulas, and Horsman sought to capitalize on the publicity surrounding the "Let's Go Brandon" chant and conspired to violate provisions of the Securities Act and its Florida State law analog by selling the unregistered LGBCoins. Further the complaint alleges that Koutoulas and Horsman (and their agents) solicited sales of LGBCoins by making false and misleading statements concerning NASCAR's approval of the LGBCoin sponsorship of Brandon Brown, the digital asset's growth prospects, and financial benefits for LGBCoin investors, as well as using celebrity promoters to lure in unsuspecting investors so that Koutoulas, Horsman, and other insiders could sell the unregistered LGBCoin securities in violation of federal and state securities laws.
On January 5, 2022, NASCAR announced it would not approve LGBCoin's sponsorship of NASCAR driver Brandon Brown. In the wake of this news, the price of LGBCoin fell to Class Period lows.
Lead Plaintiff Deadline
More on TelAve News
- Orbex Launches New ZERO Spread Trading Account with $1 Commission per Side
- Alpha Gold Fund Receives Recognition Of Excellence Awards
- Ohio County Commission President & Founder of the Cincinnati Black Music Walk of Fame, Alicia Reece, Announces Grand Opening of New Tourism Attraction
- New York Komedians Presents an Evening of Laughs at Broadway
- Redefining Professional Spaces: The Rise of Dual-Purpose Backyard Office Sheds in America
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from the date of this notice. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain a member of the proposed class.
What You Can Do
If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact Plaintiffs' counsel, Aaron Zigler of Zigler Law Group, at (312) 673-8427 or via email at aaron@ziglerlawgroup.com.
About Zigler Law Group, LLC
Zigler Law Group attorneys have successfully litigated countless complex cases across multiple industries including consumer fraud, securities fraud, breach of contract, breach of warranty, breach of fiduciary duties, and wage and hour violations, among others. Our experience litigating some of the nation's biggest cases enables us to quickly implement time-tested strategies and gives us the wisdom to know when only a novel approach will do.
Contacts
Aaron Zigler
Zigler Law Group
(312) 673-8427
aaron@ziglerlawgroup.com
0 Comments
Latest on TelAve News
- Ohio Pacing Stallion Catch The Fire Is Heading To Australia
- IntellaTriage Names Olivia Gaffney, RN as 2022 Nurse of the Year Honoree
- Autel Robotics Wins Prestigious Red Dot Design Award 2023 for EVO Max 4T Drone
- Launch of New Industrial Capabilities and Services Website for Argo Products in St. Louis, Missouri
- SafeBreak® Vascular Cleared for Pediatrics
- CartoVista unveils CartoVista Cloud 8.1, the latest in GIS web mapping platforms, at 2023 FCM Conference in Toronto
- CartoVista unveils CartoVista Cloud at the 2023 FCM Conference in Toronto
- Resurgence Wellness Unveils Revolutionary Anti-Aging Breakthroughs by Tech Pioneer Bryan Johnson
- Baked by Michela Announces Grand Opening of Bucks County, Pennsylvania Bakery
- Senco Home Services Rebuilds Tewksbury Baseball Fields
- G. Entertainment Proudly Presents The Hip-hop 50th Anniversary Concert
- Telliant Systems Names Taylor Heath, Director of Business Development
- Sage Intact Launches Native AP Bill Automation to Cut Down on Invoice Processing Time
- Avoiding the Summer Slide: Oakland-Based Children Rising To Provide Summer Enrichment Programming
- U.S. Small Business Advocate Molly Bakewell Chamberlin Selected as Mentor for Buffalo Niagara Medical Campus Innovation Community Success Program
- Make your Business Stand Out with a Memorable and Relevant Name From Namify's Company Name Generator
- Engineers honored at international conference in New Orleans
- Veterans for Trump Spokesman Admiral Charles Kubic signs onto push that DEI be removed from DOD
- Black Dog Venture Partners Acquires 20% Stake in St. Petersburg based, Woman Owned Music Discovery Platform Giggidy
- We Decode DNA Kit Named One of the Top 50 Most Innovative Products of 2023 by Innovation & Tech Today