{"id":1255,"date":"2018-04-06T16:47:46","date_gmt":"2018-04-06T16:47:46","guid":{"rendered":"https:\/\/www.silvermillerlaw.com\/?p=1255"},"modified":"2026-01-07T10:00:52","modified_gmt":"2026-01-07T10:00:52","slug":"securities-class-action-lawsuit-nano-members-core-development-team","status":"publish","type":"news_posts","link":"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/securities-class-action-lawsuit-nano-members-core-development-team\/","title":{"rendered":"Securities Class Action Lawsuit Against Nano and Members of its Core Development Team"},"content":{"rendered":"

Notice of Securities Class Action Lawsuit Against <\/strong>Nano f\/k\/a RaiBlocks and Members of Its Core Development Team<\/strong>\u00a0<\/strong><\/p>\n

Coral Springs, Florida – April 6, 2018 (PR NEWSWIRE) —<\/strong> Silver Miller (www.SilverMillerLaw.com<\/a>) has commenced a new class action lawsuit on behalf of investors in Nano f\/k\/a RaiBlocks (XRB)<\/strong>, alleging that Nano and key members of its core team violated federal securities laws and that, in their push to introduce XRB to a wide market of investors, recklessly directed investors to open accounts and place their assets with a little known, and severely troubled, Italian cryptocurrency exchange called BitGrail, where $170 million of the investors\u2019 XRB allegedly \u201cdisappeared\u201d in February 2018. \u00a0A copy of the Complaint in the lawsuit, styled Brola v. Nano f\/k\/a RaiBlocks, et al.<\/em>, U.S. Dist. Ct. – E.D.N.Y. – Case No. 1:18-cv-02049 (the \u201cLawsuit\u201d), can be viewed:<\/p>\n

2018-4-6 — DE 1 – CLASS ACTION COMPLAINT<\/a><\/p>\n

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.\u00a0 If you wish to serve as lead plaintiff in the Lawsuit, however, you must move the Court no later than June 5, 2018 to appoint you as the lead plaintiff.\u00a0 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 David C. Silver of Silver Miller [Telephone: (954) 516-6000; DSilver@SilverMillerLaw.com<\/a>].<\/p>\n

The Complaint alleges Nano and its core team engaged in an unregistered offering and sale of securities that violated federal securities laws, including Sections 5, 12(a), and 15 of the Securities Act of 1933, and wrongly ushered investors to BitGrail.\u00a0 The Lawsuit pleads that the Court rescind the plaintiff class\u2019 investments in XRB and require Nano to \u201crescue fork\u201d the allegedly missing XRB into a new cryptocurrency in a manner that would fairly compensate the class of victims.<\/p>\n

Silver Miller — the leading cryptocurrency investor law firm in America and the ALM<\/em>\/Daily Business Review<\/em>\u2019s 2018 Most Innovative Law Practice honoree — continues to be a strong advocate for aggrieved investors harmed by the misrepresentations and illegal actions of cryptocurrency exchanges and issuers.\u00a0 With actions pending against the Kraken<\/strong>, BitConnect<\/strong>, and Cryptsy<\/strong> exchanges as well as lawsuits against pre-functional token ICO promoters Monkey Capital<\/strong> and Giga Watt<\/strong>, Silver Miller is at the forefront of cryptocurrency litigation and fights to protect investors\u2019 rights.<\/p>\n","protected":false},"featured_media":1863,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news_categories":[10],"class_list":["post-1255","news_posts","type-news_posts","status-publish","has-post-thumbnail","hentry","news_categories-uncategorized"],"acf":[],"yoast_head":"\nSecurities Class Action Lawsuit Against Nano and Members of its Core Development Team - 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