Description
Thomson sues Persistence Tech and its CEO responsible for the crypto token XPRT, alleging that the token constitutes an unregistered security. She claims it was sold through a fraudulent scheme, leading to her suffering a loss of $43 million when the token's price plummeted.
Legal Significance
Plaintiff is seeking compensatory damages, plus punitive damages and the rescission of her token purchases.
Issues
Status
Complaint Filed
Case No.
2:23-cv-04669
Date Filed
June 13, 2023
Plaintiff
Taylor Thomson
Defendant
Persistence Technologies BVI Pte Ltd.Tushar AggarwalAshley Richardson
Court
USDC Central District of California
Plaintiff Counsel
McDermott Will & Emery LLP
Defendant Counsel
Jenner & Block LLP
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