California Attorney Targets KnCMiner For Potential Class Action Lawsuit
California attorney Charlotte C. Lin is planning to launch an investigation in cryptocurrency mining manufacturer KnCMiner, an announcement reveals (hat tip to Coin Fire). Lin, who practices in a number of legal areas that include DUI defense, immigration, employment, and more, has launched a website at "kncclassaction.com" for the cause. According to the announcement, the firm is actively "investigating KNCMiner for possible breach of implied warranty of fitness, misrepresentation, and other violations of law by failing to provide a functional or usable product, false advertising; failing....
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New background information about Butterfly Labs and Alpha Technologies has been added to this article. A potential class action against bitcoin mining firm KnCMiner is beginning to take shape. California-based attorney Charlotte C Lin has announced that her firm is investigating unlawful activities related to the sale and distribution of KnCMiner's Titan and Neptune mining products. These include breach of contract, false advertisement and public misrepresentation, which were detailed on the initiative's official website. KnCMiner, which raised $14m in Series A funding last month, has....
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A group of Spaniards filed the first crypto-related class-action lawsuit before the National Court of Spain on an alleged million-dollar scam. The lawsuit targets an individual accused of allegedly scammed over 300 small crypto investors across Spain. Money Stolen Could Amount Up to $3.58 Billion Per El País, the class-action lawsuit claims that an individual named Javier Biosca Rodríguez allegedly scammed over 250 million euros ($298 million) in cryptocurrencies from the investors. The profile of the victims is mixed, starting from domestic employees, retirees, unemployed,....
A group of two dozen people (and growing) represented by Advokatfirman Rise & Co AB (Stockholm) is bringing a class action lawsuit against Swedish Bitcoin firm KnCMiner, the one-time premier manufacturer of Bitcoin mining hardware. There are a range of issues for the court to consider, but the one CCN is most intimately familiar with is the one that our source, a member of this class action lawsuit, who told us about his experience with KnC. Here is a pruned (moderately edited) version of his lengthy story: I read in the local papers that a Swedish company was going to make an ASIC. I....