Crypto Co. Failed To Disclose Risks, Must Face Investor Suit

Crypto Co. Failed To Disclose Risks, Must Face Investor Suit – Law360

Law360 (December 5, 2019, 5:57 PM EST) — Shuttered cryptocurrency company Kowala SEZC and its executives must face a federal securities suit because their digital coin proposal did not adequately caution prospective investors about risks, a California federal judge said Wednesday. U.S. District Judge Philip S. Gutierrez said that when investor Merkamerica Inc.