NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation into Tezos concerning possible violations of federal securities laws in relation to Tezos’ Initial Coin Offering (ICO).
On October 18, 2017, Reuters published a report alleging that Tezos is “in danger of falling apart” due to an “acrimonious dispute” between its founders, Arthur and Kathleen and Breitman, and Johann Gevers, president of the Tezos Foundation. According to Reuters, Swiss law dictates that the Foundation remain independent, however, the Breitmans are seeking to oust Gevers and restrict the Foundation’s responsibilities. Kathleen Breitman has suggested that participants in the Tezos fundraiser contributed “donations” with no expectation of a return on their investment.
Following this news, the value of Tezos Tokens futures contracts dropped as much as 60%, according to the futures/derivatives markets which track their value. To obtain additional information, go to:
http://www.zlk.com/pslra-sbm-cc/tezos
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
