News/Scott+Scott Will File Class Action Suit Against Yuga Labs

Scott+Scott Will File Class Action Suit Against Yuga Labs

Jul 25,2022,09:46
Law firm Scott+Scott is currently organizing a class-action suit against Yuga Labs. The lawsuit will allege that Yuga falsely promoted Bored Ape NFTs and ApeCoin as securities with guaranteed returns. If a court finds the BAYC NFTs to be securities, then Yuga Labs would have failed to make the necessary disclosure and registration obligations that come with offering securities.
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