Tezos Foundation, the first blockchain company to be hit with civil claims alleging it violated securities laws in the US, is still facing a class action lawsuit against its Initial Coin Offering (ICO) as a federal court judge has blocked a motion to dismiss the case.
Tezos, whose ICO raised $232 million in July 2017, has been hit with four class-action lawsuits in California, alleging sale of unregistered securities. The suits, filed by numerous Tezos contributors, have now been consolidated into one with a lead plaintiff named Arman Anvari.
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