Cryptocurrency News Legal & Regulation

Update on BitConnect Class Action Sees More Defendants Dismissed

According to a recent report by Behind MLM, a class action against BitConnect does not appear to be going well. The report indicates that the Court dismissed Plaintiff’s Second Amended Complaint, along with several defendants.

Since September 13th, Defendants Glenn Arcaro, Ryan Maasen, Joshua Jeppesen, Craig Grant, and Nicholoa Trovato, were dismissed from the suit. Even though the Court dismissed the Second Amended Complaint, Behind MLM reported that the Plaintiffs have been permitted by the Court to file a third-amended complaint, and that if filed, it must not include any additional parties and/or allegations.

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