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Dentons associate Joel D. Siegel has entered an look for San Francisco-based Constellation Community in a pending investor class motion over its issuance of two cryptocurrency tokens, the ERC-20 DAG and the Mainnet DAG. The action, filed Nov. 16 in California Northern District Courtroom by Scott + Scott, accuses the corporate and its high executives of stopping buyers from swapping their ERC-20 tokens and creating confusion between the 2 courses of tokens. Constellation, which raised $33.7 million in a 2018 preliminary coin providing, focuses on cybersecurity for Large Information units. The case, assigned to U.S. District Choose Jeffrey S. White, is 4:21-cv-08869, Morgan et al v. Constellation Community, Inc. et al.
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