Preliminary Approval Of $3.5M Settlement In Crypto Securities Lawsuit Sought

Mealey's (December 21, 2022, 1:52 PM EST) -- NEW HAVEN, Conn. — Lead plaintiffs in a class action against the founder of two cryptocurrency companies and the companies themselves stemming from the defendants’ alleged operation of a Ponzi scheme-like fraud asked a federal judge in Connecticut to grant preliminary approval of a $3.5 million settlement reached between the parties....