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N/A.TO
id: 1389

Dapper Labs $4M Investor Settlement

The settlement terms have been submitted to the court for approval.
S.D. New York
Court
1:21-cv-05837
Case number
06/15/2020
Class period Start
12/27/2021
Class period End
Dapper Labs agreed to a $4 million settlement with NBA Top Shot investors over claims it sold unregistered securities and limited cash withdrawals, artificially boosting the value of its Moments.
Case Status
Stipulative Settlement
Alleged Offence
Misleading Statements, 
Financial Misrepresentation, 
Fraud
Suspected Party
Directors, 
Management
Security Type
Crypto Asset
Trade Direction
Long
Payout per Share
0.12
Filing date
12/27/2021
Plaintiffs
Gary Leuis
Attorneys
The Rosen Law Firm, P.A.
Defendants
Roham Gharegozlou
Judge
Victor Marrero
Administrator
Strategic Claims Services
Attorney fee
$1,373,332
Trades matching type
FIFO
+$4,000,000
Cash Settlement Amount

Dapper Labs, Inc.

Dapper Labs, Inc. is a Canadian-based blockchain technology company known for developing and launching some of the most popular blockchain-based platforms and non-fungible token (NFT) projects, inc...

    Ticker
    N/A.TO
    Sector
    Technology
    Industry
    Blockchain & NFTs
    Country
    Canada
    Address
    1085 Homer Street, Suite 400, Vancouver, BC V6B 1J4, Canada