News

On August 7, 2018, the Honorable Richard Seeborg, United States District Court Judge for the Northern District of California, issued an order denying Defendants’ motions to dismiss a class action brought by HGT Law to seek rescission on behalf of all investors who participated in the July 2017 Tezos initial coin offering (“ICO”).

On April 3, 2018, HGT Law (who previously had been appointed lead counsel by the court) filed a consolidated class action complaint against Defendants Dynamic Ledgers Solutions, Inc. (“DLS”), Tezos Stiftung (“Tezos Foundation”), Kathleen Breitman, Arthur Breitman, Timothy Draper, Draper Associates V Crypto LLC and Bitcoin Suisse AG for violations of the Securities Act of 1933. 

On January 19, 2018, HGT Law commenced a second shareholder “opt-out” lawsuit (“Lawsuit”) on behalf of a group of retail investors (“Investors”) against Valeant Pharmaceuticals International, Inc. (“Valeant”) and its senior officers for violations of federal securities laws.  To date, this Lawsuit is the only opt-out action that has been filed on behalf of retail investors.

On January 10, 2018, HGT Law commenced a shareholder “opt-out” lawsuit (“Lawsuit”) on behalf of the investment funds Commonwealth Global Shares Fund 1, Commonwealth Global Share Fund 13 and Commonwealth Specialist Fund 34 (collectively, “Plaintiffs” or the “Funds”) against Valeant Pharmaceuticals International, Inc. (“Valeant” or the “Company”) and its senior officers for violations of federal securities laws.