SDNY COURTHOUSE, July 8 – An initial coin offering by ATBCOIN resulted in a lawsuit in 2017 and now the defendants' counsel is withdrawing.
On July 8 U.S. District Court for the Southern District of New York Judge Vernon S. Broderick held a proceeding. Inner City Press covered it.
The complaint said that "defendants raised over $20 million in digital cryptocurrencies by offering and selling unregistered securities in direct violation of the Securities Act."
But now the lawyers from these defendants are seeking to withdraw.
Judge Broderick on July 8 declined to grant the motion, saying he wanted to hear from the individual defendants, apparently on August 5.
The case is Balestra v. ATBCOIN LCC, et al., 17-cv-10001 (Broderick)
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