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**</WRAP>| | **</WRAP>| | ||
^ Summary: |<WRAP>// | ^ Summary: |<WRAP>// | ||
- | Solana Labs is the latest crypto company to be hit with a lawsuit accusing it of promoting an unregistered security.// | + | Solana Labs is the latest crypto company to be hit with a lawsuit accusing it of promoting unregistered security.// |
//The class action was filed on July 1 by Roche Freedman LLP and Schneider Wallace Cottrell Konecky in the district court for the northern district of California on behalf of plaintiff Mark Young, a state resident.// | //The class action was filed on July 1 by Roche Freedman LLP and Schneider Wallace Cottrell Konecky in the district court for the northern district of California on behalf of plaintiff Mark Young, a state resident.// | ||
- | //The lawsuit accuses Solana Labs, the Solana Foundation, Anatoly Yakovenko, Multicoin Capital Management, Kyle Samani and FalconX of selling unregistered securities tokens in the form of Solana (SOL) from March 24, 2020:// | + | //The lawsuit accuses Solana Labs, the Solana Foundation, Anatoly Yakovenko, Multicoin Capital Management, Kyle Samani, and FalconX of selling unregistered securities tokens in the form of Solana (SOL) from March 24, 2020: |
//</WRAP>| | //</WRAP>| | ||
^ URL: | [[https://cointelegraph.com/news/class-action-lawsuit-claims-solana-s-sol-is-an-unregistered-security]] | | ^ URL: | [[https://cointelegraph.com/news/class-action-lawsuit-claims-solana-s-sol-is-an-unregistered-security]] | |