Energy News / Shareholders Foundation, Inc.

ATBCoin Initial Coin Offering Investor Alert: Lawsuit Alleges Securities Laws Violations

Via: ReleaseWire

Updated 11:45 AM CST, Wed, January 10,2018

A lawsuit was filed on behalf of investors in ATBCoin initial coin offering (ICO) over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 01/10/2018 -- The Shareholders Foundation announces that an investor in the ATBCoin initial coin offering (ICO) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by ATBCoin LLC.

Those who invested a significant amount in the ATBCoin initial coin offering (ICO) have certain options and for certain investors are short and strict deadlines running. Deadline: March 12, 2018. ATBCoin initial coin offering investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff alleges the ATBCoin initial coin offering (ICO) violated the Securities Act of 1933 by engaging in interstate commerce for the purposes of offering, selling, or delivering unregistered securities. The plaintiff claims that the ATBCoin token was a security because the defendants marketed and sold them as investments that would generate "profit" for purchasers. More specifically, the plaintiff claims that The ATB ICO was a clear offer and sale of securities because, inter alia [among other things], Defendants touted, and Plaintiff and other ATB ICO investors reasonably expected, that the ATB Coins received in exchange for their investments would be worth more than the ETH, BTC, LTC or other currencies invested.

Those who invested in the ATBCoin initial coin offering (ICO) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/atbcoin-initial-coin-offering-investor-alert-lawsuit-alleges-securities-laws-violations-913820.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com