Welcome to the website for Block.one Settlement, pending in the United States District Court for the Southern District of New York (the “Action”).

This message is to inform you that final approval of the class action settlement in Williams, et al. v. Block.one, et al., No. 1:20-cv-2809-LAK, was denied on August 15, 2022. The Court declined to approve the Settlement because it determined that the Lead Plaintiff, Crypto Assets Opportunity Fund, was unable to adequately represent the interests of Class Members who purchased EOS Securities in the United States, because the Court could not determine that the majority of Lead Plaintiff’s transactions were domestic. The Court stressed that its decision was not due to any misconduct on the part of Lead Plaintiff or its counsel. You can access the full opinion linked here and under the “Important Documents” tab of this website here.

Please continue to check this website regularly for updates. We remain committed to obtaining the best possible outcome for the Class. If you have any questions or would like to discuss these matters, feel free to contact Plaintiff’s counsel Rachel Berger (Rberger@gelaw.com), Cecilia Stein (cstein@gelaw.com), or Caitlin Moyna (cmoyna@gelaw.com).


The purpose of this website is to inform you of the pendency of this class action (the "Action") between Lead Plaintiff Crypto Assets Opportunity Fund and Defendants Block.one, Brendan Blumer, Daniel Larimer, Ian Grigg, and Brock Pierce ("Defendants").

If You Purchased or Otherwise Acquired ERC-20 Tokens or EOS Tokens Between June 26, 2017 And May 18, 2020, Inclusive, And Were Damaged Thereby, You Could Receive A Payment From A Class Action Settlement. Certain Persons Are Excluded From The Class As Set Forth In FAQ 4.

Pursuant to the Settlement described further on this website, a $27.5 million Settlement Fund has been established based on Lead Plaintiff's estimate of the number of ERC-20 Tokens and/or EOS Tokens eligible to recover under the Settlement.

The Court has not decided whether Defendants did anything wrong, and this website is not an admission by Defendants or an expression of any opinion of the Court concerning the merits of the Action.


Your Legal Rights and Options in This Acton
Submit a Claim Form The only way to be eligible to receive a payment from the Settlement. Proof of Claim forms must be postmarked or submitted online on or before November 8, 2021.
Exclude Yourself Get no payment. This is the only option that potentially allows you to ever be part of any other lawsuit against the Defendants about the legal claims being resolved by this Settlement. Should you elect to exclude yourself from the Class you should understand that Defendants will have the right to assert any and all defenses they may have to any claims that you may seek to assert, including, without limitation, the defense that any such claims are untimely under applicable statutes of limitations and statutes of repose. Exclusions must be postmarked on or before October 27, 2021.
Object Write to the Court about why you do not like the Settlement, the Plan of Allocation, and/or the request for attorneys' fees and expenses. You will still be a Settlement Class Member. Objections must be received by the Court and counsel on or before October 27, 2021. If you submit a written objection, you may (but do not have to) attend the hearing.
Go to a Hearing The Court will hold a Final Approval Hearing on November 17, 2021 at 9:30 a.m. To ask to speak in Court about the fairness of the Settlement, requests to speak must be received by the Court and counsel on or before October 27, 2021.
Do Nothing Receive no payment. You will, however, still be a Settlement Class Member, which means that you give up your right to ever be part of any other lawsuit against the Defendants about the legal claims being resolved by this Settlement and you will be bound by any judgments or orders entered by the Court in the Action

The Frequently Asked Questions page of this website has more information on your rights as a Class Member in this Action.

Current Status The Court held a Final Approval Hearing on November 17, 2021 to consider whether the Settlement and the Plan of Allocation are fair, reasonable, and adequate. The Court declined to approve the Settlement on August 15, 2022.

Important Dates
  • June 26, 2017 – May 18, 2020
    Class Period
  • October 27, 2021
    Deadline to Exclude Yourself from the Class
  • October 27, 2021
    Deadline to Object to the Settlement
  • November 8, 2021
    Claim Filing Deadline
  • November 17, 2021 at 9:30 a.m.
    Final Approval Hearing

Start Your Claim