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 (email@example.com), or Caitlin Moyna (firstname.lastname@example.org).
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.
The Frequently Asked Questions page of this website has more information on your rights as a Class Member in this Action.