Updated Notice on Lawsuit Against Monkey Capital ICO and Daniel Harrison
March 8, 2018 | Back to News
Silver Miller (www.SilverMillerLaw.com) — the leading cryptocurrency investor law firm in the country, with actions currently pending against the Coinbase, Kraken, BitConnect, and Cryptsy exchanges as well as the first federally-filed class action lawsuit against heavily-embattled Tezos and its billion dollar July 2017 Initial Coin Offering (ICO) — is currencly prosecuting a civil action on behalf of a group of individuals who contributed bitcoin and other cryptocurrency to the scheduled-but-cancelled 2017 Monkey Capital ICO. The lawsuit was filed in the United States District Court for the Southern District of Florida and is captioned Hodges, et al. v. Monkey Capital LLC, et al., Case No. 9:17-cv-81370-DMM (the “Lawsuit”). Although the Lawsuit was originally filed as a putative class action, the case has since limited its reach to merely the claimants named in the Lawsuit, who seek the return of the millions of dollars’ worth of cryptocurrency they invested with Monkey Capital. A copy of the Amended Complaint filed in the Lawsuit can be seen HERE.
As alleged in the Amended Complaint, Monkey Capital LLC, Monkey Capital Inc., and the companies’ founder and principal (Daniel Harrison) fraudulently promoted an ICO and engaged in an unregistered offering and sale of securities that violated numerous state and federal securities laws. The Lawsuit pleads that the Court rescind all investments in Monkey Capital; return to the investors their cryptocurrency; require Monkey Capital to account for all funds raised from investors; and adjudicate that Monkey Capital and Mr. Harrison violated multiple securities laws when they promoted and abruptly abandoned the unregistered, pre-functional ICO.
If you invested in Monkey Capital or another one of Daniel Harrison’s cryptocurrency offerings such as Futereum and you have any questions concerning your rights or interests as they relate to your investment, or if you wish to participate in the Lawsuit, you are encouraged to contact David C. Silver of Silver Miller at (954) 516-6000 or DSilver@SilverMillerLaw.com to discuss your matter.