Law360 (March 30, 2021, 4:11 PM EDT) — A co-founder of Irish cryptocurrency startup Cloud With Me Ltd., who’s dealing with an authorized class motion lawsuit from traders over a $10 million preliminary coin providing, cannot overturn a default judgment in opposition to him and dismiss the fraud case, a Pennsylvania federal decide has mentioned.
Cloud With Me co-founder and Chief Know-how Officer Asaf Zamir misplaced his bid Monday to overturn the Could 2019 default judgment in opposition to him and be dismissed from the case accusing him of violating federal securities legal guidelines by promoting unregistered digital tokens, in line with an order from U.S. District Decide Mark R. Hornak adopting the report and…
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