CORAL SPRINGS, Fla., Dec. 13, 2017 /PRNewswire/ -- Silver Miller (www.SilverMillerLaw.com), a securities fraud and investment loss contingency-fee law firm based in South Florida, working with the Wites Law Firm, was the first law firm to file a class action lawsuit in federal court against troubled blockchain startup Tezos and Arthur and Kathleen Breitman -- the American founders of Tezos who own all of its intellectual property through Dynamic Ledger Solutions (DLS). Tezos raised from investors in a July 2017 Initial Coin Offering (ICO) cryptocurrency assets now valued at more than $1.3 billion but has experienced additional uncertainty this month, as Tezos' outside auditor and one of the three board members tasked with managing the funds Tezos raised have each resigned amidst questionable conduct and escalating litigation. Silver Miller's lawsuit pleads that the Court rescind all investments in Tezos; return to all investors their cryptocurrency; and adjudicate that Tezos, the Breitmans, and DLS violated multiple securities laws when they promoted and conducted the unregistered, pre-functional ICO.
According to numerous published reports, the Tezos auditor and Swiss board member's resignations -- along with the ongoing power struggle between the Breitmans and Tezos Chairman Johann Gevers -- are at best likely to cause indefinite delays in the development of the Tezos project. At worst, these power struggles and delays could cause the project to collapse before investors receive any return on their billion-dollar investment. Tezos investors concerned about protecting their investment are urged to contact Silver Miller at 954-516-6000 to join the class action and protect their rights. You can also reach Silver Miller through the firm's website at www.SilverMillerLaw.com, or by email at email@example.com. The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney.
Silver Miller currently represents the victims in class/group action lawsuits against multiple cryptocurrency exchanges (Cryptsy; Coinbase; Kraken) and is investigating several companies that conducted ICOs within the past year for potential regulatory violations and misrepresented solicitations. If you have invested in an ICO and are concerned that your investment is in jeopardy or that you have been defrauded, contact Silver Miller for a no-cost, no-obligation consultation to discuss your legal rights.
For more information please visit:
David C. Silver
Silver Miller – Managing Partner
Washington, D.C. 202-852-6000
SOURCE Silver Miller