Nano Developers Seek Toss Of Cryptocurrency Theft Suit – Law360

Law360 (August 16, 2019, 6:33 PM EDT) — The makers of Nano, a cryptocurrency that was stolen in the $170 million hack of an Italian trading exchange, pushed a California federal court Thursday to toss the proposed class action over the theft, arguing that the buyers’ claims were brought too late.

The Nano developers said in their dismissal bid that claims over unregistered securities have a one-year statute of limitations that starts when the securities are purchased, but that lead plaintiff James Fabian missed the deadline.

“Mr. Fabian continues to allege that his final purchase of Nano coins occurred on December 12, 2017, but he did not initiate this action…

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