TLDR: Digital Currency Group noteholders have urged a Connecticut federal court to keep alive their securities suit against the crypto venture capital firm. They claimed that the firm’s motion to dismiss the case overlooked important allegations and relied on inapplicable legal precedents. The noteholders accused Digital Currency Group of misleading them through a “sham transaction” with a subsidiary.
Keeping the Crypto VC Boom Alive in Connecticut Securities Lawsuit
Latest from Blog
Key Trends in India’s 2024 Private Equity Market Landscape
“`html TLDR: – India’s private equity landscape stabilizes in the first half of 2024 with investments holding steady at $23-$24 billion. – Key sectors for investment include IT/ITeS, healthcare, and consumer technology.
Accolade launches $70m Web3 fund with Lemniscap partnership
TLDR: Accolade Partners anchors $70m Web3 fund for Lemniscap. The fund is focusing on Web3 technologies and decentralized finance. Accolade Partners has committed to being the anchor investor for Lemniscap’s new $70
Redalpine’s Seventh Fund Raises $200m from European Venture Capitalists
TLDR: European VC Redalpine has raised $200 million for its seventh fund, RAC VII. The fund plans to invest in 15 to 20 early-stage European companies. European venture capital firm Redalpine has
Nikon’s $515M ‘NFocus’ Venture Fund Boosts Startup Investments
TLDR: Nikon launches $51.5M NFocus Fund with Geodesic Capital to invest in startup innovation Nikon aims to become a key technology solutions company by 2030 and will focus on societal needs through
Parry Labs Secures $80M Amid Booming Defense Tech Industry
TLDR: Parry Labs, a defense tech startup, raised $80M in its first institutional investment round. The company focuses on creating digital systems for the defense industry, including mission-critical software and advanced AI.