California Attorney Investigating Potential Class Action Against KnCMiner
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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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....
Sweden-based KnCMiner is quite frankly tired of dealing with customers, evidently. And it's one thing to curse at your unhappy customer while they are on hold. KnCMiner is saying goodbye to all of their customers because their discontinuing the sale of their equipment, according to Bloomberg. The news comes not too long after we reported last week that a California attorney was investigating the company and their practices in preparation for a potential class-action lawsuit. The company, which manufactures mining equipment for bitcoin and other digital currencies, claims that 25 percent of....
Elon Musk previously won a similar class-action lawsuit brought by Tesla employees, calling the case “trivial.” Amid Twitter beginning mass layoffs, the company employees are launching a class-action lawsuit against the new Twitter CEO, Elon Musk.According to multiple sources, Musk started massive layoffs at Twitter on Nov. 4, reducing the company’s workforce of 7,500 people. The CEO was speculated to cut as much as 50% of Twitter’s staff, or about 3,500 people, just a few days after acquiring Twitter for $44 billion on Oct. 27.In response to the layoffs, Twitter employees filed a....
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....
A class action lawsuit filed against troubled bitcoin startup KnCMiner is proceeding despite a recent legal setback and a bankruptcy filing by the firm. According to emails provided to CoinDesk, lawyers representing the most prominent of several class action lawsuits filed against KnC have entered a claim against its bankruptcy estate in Sweden. Further, they indicated the group has provided information to local law enforcement in an attempt to ensure the firm can provide customer reparations. An email to class action participants reads: "We have handed over all claims with the....