Paragon Coin, Inc Investor Alert: Lawsuit Alleges False and Misleading Statements

A lawsuit was filed on behalf of investors in Paragon Coin, Inc over alleged securities laws violations. Deadline: April 2, 2018. Paragon Coin, Inc investors should contact the Shareholders Foundation.

 

San Diego, CA — (SBWIRE) — 02/13/2018 — The Shareholders Foundation announces that an investor in Paragon Coin, Inc filed a lawsuit in the U.S. District Court for the Northern District of California over alleged violations of Federal Securities Laws by Paragon Coin, Inc.

Those who invested a significant amount in Paragon Coin, Inc, have certain options and for certain investors are short and strict deadlines running. Deadline: April 2, 2018. Paragon Coin, Inc investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

According to the complaint the plaintiff alleges that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that Paragon Coin, Inc violated Sections 12 and 15 of the Securities Act of 1933 by engaging in interstate commerce for the purposes of offering, selling, or delivering unregistered securities.

The plaintiff says that in connection with Paragon Initial Coin Offering (“ICO”), which ran from approximately August 15, 2017 through October 16, 2017, Defendants raised at least $70 million in digital cryptocurrencies by offering and selling unregistered securities in direct violation of the Securities Act.

Those who invested a significant amount in Paragon Coin, Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com