Terraform Labs, Pte. Ltd. Class Action Lawsuit

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TERRAFORM LABS, PTE. LTD. CLASS ACTION LAWSUIT

Defendants	TerraForm Labs Pte. Ltd (“TFL”), Jump Crypto, Jump Trading LLC, Republic Capital, Republic Maximal LLC, Tribe Capital, DeFinance Capital, DeFinance Technologies, GSR/GSR Market Limited, Three Arrows Capital Pte. Ltd, TFL’s co-founder and Chief Executive Officer, Do Kwon, and its Head of Research, Nicholas Platias.
​Class Period	May 20, 2021 to May 25, 2002
Motion Deadline	​August 19, 2022
Court	​Northern District of California

Investors Who Suffered Significant Losses in Terra Tokens File Terraform Labs Class Action Lawsuit

If you suffered significant losses in Terra Tokens, call Terra Tokens Fraud Lawyer Timothy L. MIles today

The Terraform Labs class action lawsuit was filed by investors who suffered significant loses in TerraUSD stable coins known as "Terra Tokens" against Defendants TerraForm Labs Pte. Ltd (“TFL”), Jump Crypto, Jump Trading LLC, Republic Capital, Republic Maximal LLC, Tribe Capital, DeFinance Capital, DeFinance Technologies, GSR/GSR Market Limited, Three Arrows Capital Pte. Ltd, TFL’s co-founder and Chief Executive Officer, Do Kwon, and its Head of Research, Nicholas Platias.  The action, which was filed in the U.S. District Court for the Northern District of California and captioned Patterson v. TerraForm Labs Pte Ltd. Et al., Case No. 3:22-cv-03600, asserts claims under §§5, 12(a)(1), and 15 of the Securities Act of 1933 (the “Securities Act”), as well as under §§10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”), on behalf of a class consisting of all persons and entities, other than Defendants and their affiliates, who purchased so-called Terra Tokens from May 20, 2021 to May 25, 2022 inclusive (the “Class Period”), and who were damaged thereby. For more information, please contact ​Terra Tokens Fraud Lawyer Timothy L. Miles today.

If you suffered significant losses in Terra Tokens and wish to serve as lead plaintiff of the Terraform Labs class action lawsuit, or would like additional information, please provide your information below.  You can also contact Terra Tokens Fraud Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at tmiles@timmileslaw.com.  Lead plaintiff motions for the Terraform Labs class action lawsuit must be filed with the court no later than August 19, 2022. For more information on lead plaintiff, please contact ​Terra Tokens Fraud Lawyer Timothy L. Miles today.

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Allegations in the Terraform Labs Class Action Lawsuit

Call a Terra Tokens Fraud Lawyer to see if you are eligible for a Terrform Labs Class Action Lawsuit

TFL is a company that operates the Terra blockchain and its related protocol, which hosts, supports, and funds a community of decentralized financial applications and products known collectively as the Terra ecosystem.  Plaintiffs allege that even though Terra Tokens have all the hallmarks of an investment contract, and thus a security, no registrations statements have ever been filed with the U.S. Securities and Exchange Commission with respect to the various Terra Tokens.  In addition to alleging the sell of unregistered securities, the Terraform Labs class action lawsuit also alleges Defendants made false and misleading statements regarding the largest Terra ecosystem digital asests by market cap, UST and LUNA, in order to induce the plaintiffs and other investors into purchasing these digital assets at inflated rates.
 
​TFL repeatedly touted and promoted the stability of UST and LUNA and the sustainability of the Anchor Protocol,  a type of high-yield savings account where investors can "stake" or deposit UST with TFL in exchange for a guaranteed 20% APY interest rate. However, between May 6, 2022 and May 9, 2022 structural infirmities specific to the Terra ecosystem exposed a crack in UST's ability to maintain its pet to $1. The truth, according to the Terraform Labs class action lawsuit, regarding the stability and sustainability of the UST/LUNA pair and the Anchor Protocol could not be hidden any longer from investors, and withing a week, the price of UST and LUNA collapsed by approximately 91% and 99.7%, respectively, as investors suffered significant losses in Terra Tokens.  If you suffered significant losses in Terra Tokens, contact Terra Tokens Fraud Lawyer Timothy L. Miles today about a Terraform Labs class action lawsuit

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The Lead Plaintiff Process

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Terra Tokens to seek appointment as lead plaintiff in the Terraform Labs class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered significant losses in Terra Tokens, and have further questions, contact Terra Tokens Fraud Lawyer Timothy L. Miles today.

How Can a Terra Tokens Fraud Lawyer Help Me?

Call a Terra Tokens Fraud Lawyer if you suffered significant losses in Terra Tokens, you may be eligible for a Terraform Labs class action lawsuit

A Terra Tokens Fraud Lawyer is well-versed in the complex laws that govern the securities industry and litigation. A Terra Tokens Fraud Lawyer focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional.  While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discovery every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct, such as a Terra Tokens Fraud Lawyer  who will work to recover the losses you sustained.​  Contact a Terra Tokens Fraud Lawyer today who will fight to recover your damages.

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Contact a Terra Tokens Fraud Lawyer if You Suffered Significant Losses in Terra Tokens

​If you suffered significant losses in Terra Tokens, contact Terra Tokens Fraud Lawyer Timothy L. Miles today about a Terraform Labs class action lawsuit​, and see what a ​Terra Tokens Fraud Lawyer can do for you.

 

CONTACT TERRA TOKENS FRAUD LAWYER TIMOTHY L. MILES TODAY FOR A FREE CASE EVALUATION

Contact Terra Tokens Fraud Lawyer Timothy L. Miles Today

Terra Tokens Fraud Lawyer
​855-Tim-MLaw (855) 846-8529
tmiles@timmileslaw.com
Call Terra Tokens Fraud Lawyer Timothy L. Miles today
​for a free case evaluation about a Terraform Labs class action lawsuit​

FREE CASE EVALUATION WITH TERRA TOKENS FRAUD LAWYER 
Call today for a free case evaluation with a Terra Tokens
​Fraud Lawyer about a Terraform Labs class action lawsuit

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