LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of SPN token holders of Sapien Network, Inc. (“Sapien”) for allegations it may have issued materially misleading business information to the investing public.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Sapien conducted its initial coin offering (“ICO”) in January and February 2018, raising $10.5 million from SPN tokens. These SPN tokens were never registered with state or federal authorities, which is required both by law and by contract. The SPN tokens issued by Sapien have traded considerably lower than their ICO price since their offering, harming SPN token holders.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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