Law360 (June 17, 2019, 9:56 PM EDT) — Centra Tech urged a Florida federal judge to set aside a clerk’s default in its investors’ case accusing the cryptocurrency company of fraudulently raising $32 million in an initial coin offering, arguing that restrictions in a parallel criminal case prevented the company from securing legal representation earlier.

The now-defunct company had failed to retain counsel after its previous representation withdrew in December and a clerk’s default was entered against Centra Tech in January, according to a motion for a final default judgment against Centra Tech for $31,718,043 filed by the proposed class of investors Thursday.

Sohrab Sharma, one of the company’s…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS



READ SOURCE

READ  Promotion Coin Market Cap Tops $0.00 (PC)

WHAT YOUR THOUGHTS

Please enter your comment!
Please enter your name here