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 number06/15/2020
Class period Start12/27/2021
Class period EndDapper 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