Gerstein Harrow and Fairmark Partners Announce Securities Class Action

SAN FRANCISCO--(BUSINESS WIRE)--Gerstein Harrow LLP and Fairmark Partners LLP announce that a securities class action, captioned Samuels v. Lido DAO, et al., No. 3:23-cv-6492 (N.D. Cal.) is pending against Lido DAO, a general partnership, and its partners, AH Capital Management, LLC; Paradigm Operations, LP; Dragonfly Digital Management, LLC; and Robot Ventures, LP. The case is pending in the United States District Court for the Northern District of California.

The Action asserts claims under the Securities Act of 1933 on behalf of a putative class of persons who purchased LDO tokens on or after December 17, 2022. The Action seeks rescission and damages. The Action alleges that Lido DAO offered and sold LDO, a digital token that is an unregistered security.

If you purchased LDO since December 17, 2022, you are a member of the proposed class. A lead plaintiff is a court-appointed representative for members of a class. Lead plaintiff motion papers must be filed with the U.S. District Court for the Northern District of California no later than 60 days after the date on which this notice is published. Should the Court certify a class in the Action, your ability to share in any potential recovery is not dependent upon you serving as lead plaintiff.

A class has not yet been certified in this Action. You are not represented by counsel unless you retain a lawyer. You may retain counsel of your choice.