Notice of Securities Class Action Lawsuit Against Monkey Capital ICO and Daniel Harrison

CORAL SPRINGS, Fla., Jan. 9, 2018 /PRNewswire/ -- Silver Miller (www.SilverMillerLaw.com) recently announced that a class action lawsuit was commenced on behalf of individuals and entities who contributed bitcoin, Ether, or other cryptocurrency or fiat currency to the scheduled-but-cancelled 2017 Monkey Capital Initial Coin Offering (ICO).  The lawsuit was filed in the United States District Court for the Southern District of Florida and is captioned Hodges, et al. v. Monkey Capital LLC, et al., Case No. 9:17-cv-81370-DMM (the "Lawsuit").  A copy of the Complaint filed in the Lawsuit can be seen HERE. 

Any member of the putative class may move the Court to serve as lead plaintiff through counsel of his/her/its choice or may choose to do nothing and remain an absent class member.  If you wish to serve as lead plaintiff in the Lawsuit, however, you must move the Court no later than March 12, 2018 to appoint you as the lead plaintiff.  If you wish to discuss the Lawsuit or have any questions concerning this notice or your rights or interests as they relate to the Lawsuit, please contact plaintiffs' counsel David C. Silver of Silver Miller at (954) 516-6000 or [email protected].

The Complaint alleges that Monkey Capital LLC, Monkey Capital Inc., and the companies' founder and principal (Daniel Harrison) fraudulently promoted an ICO and engaged in an unregistered offering and sale of securities that violated numerous state and federal securities laws, including Sections 5, 12(a), 15, and 17(a) of the Securities Act of 1933, 15 U.S.C. §§ 77e, 77l(a), 77o, and 77q(a).  The Lawsuit pleads that the Court rescind all investments in Monkey Capital; return to all investors their cryptocurrency; require Monkey Capital to account for all funds raised from investors; and adjudicate that Monkey Capital and Mr. Harrison violated multiple securities laws when they promoted and abruptly abandoned the unregistered, pre-functional ICO.

The plaintiffs are represented by Silver Miller -- the leading cryptocurrency investor law firm in the country, with actions currently pending against the Coinbase, Kraken, and Cryptsy exchanges as well as the first federally-filed class action lawsuit against heavily-embattled Tezos and its billion dollar July 2017 ICO.

SOURCE Silver Miller

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