article thumbnail

it is unfair to fail to disclose paid promotion/for influencers not to do due diligence on what they promote

43(B)log

They were launched without a “whitepaper”—a roadmap for growth/success. I’ll focus, as usual, on the false advertising bits and ignore the securities law parts. This was, they alleged, a pump and dump scheme. This is one of two opinions—the next revisiting this one, which dismisses some claims but allows others.