Trending...
- Tampa-Based Digital Marketing Agency Launches New Website to Help Local Businesses Grow Online
- Global Families Turn to Young Travelers Concierge Amid Rising Safety Concerns in the U.S
- DuoKey to Unveil Encrypted Financial Intelligence Use Case at GISEC Global 2025
CHICAGO--(BUSINESS WIRE)--Zigler Law Group, LLC, a national class action firm announced today that it has filed a class action lawsuit against Letsgobrandon.com Foundation and LGBCoin, Ltd, James Koutoulas, Patrick Horsman, and the National Association for Stock Car Auto Racing.
The action, which was filed in the U.S. District Court for the Middle District of Florida and captioned De Ford et. al. v. Koutoulas et al., Case No. 6:22-cv-652, asserts claims under § 12(a)(1) of the Securities Act of 1933 (the "Securities Act") and under §517.07 of the Florida Securities and Investment Protection Act for the sale of unregistered securities, as well as other Florida State law claims (including conspiracy, unjust enrichment, negligent misrepresentation, and promissory estoppel), on behalf of investors who purchased the LGBCoin unregistered securities, which were sold as LGBCoins on various cryptocurrency exchanges from November 2, 2021 through March 15, 2022 inclusive (the "Class Period"), and who were damaged thereby.
More on illi News
The complaint alleges that Letsgobrandon.com Foundation, LGBCoin, Ltd, Koutoulas, and Horsman sought to capitalize on the publicity surrounding the "Let's Go Brandon" chant and conspired to violate provisions of the Securities Act and its Florida State law analog by selling the unregistered LGBCoins. Further the complaint alleges that Koutoulas and Horsman (and their agents) solicited sales of LGBCoins by making false and misleading statements concerning NASCAR's approval of the LGBCoin sponsorship of Brandon Brown, the digital asset's growth prospects, and financial benefits for LGBCoin investors, as well as using celebrity promoters to lure in unsuspecting investors so that Koutoulas, Horsman, and other insiders could sell the unregistered LGBCoin securities in violation of federal and state securities laws.
On January 5, 2022, NASCAR announced it would not approve LGBCoin's sponsorship of NASCAR driver Brandon Brown. In the wake of this news, the price of LGBCoin fell to Class Period lows.
Lead Plaintiff Deadline
More on illi News
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from the date of this notice. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain a member of the proposed class.
What You Can Do
If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact Plaintiffs' counsel, Aaron Zigler of Zigler Law Group, at (312) 673-8427 or via email at aaron@ziglerlawgroup.com.
About Zigler Law Group, LLC
Zigler Law Group attorneys have successfully litigated countless complex cases across multiple industries including consumer fraud, securities fraud, breach of contract, breach of warranty, breach of fiduciary duties, and wage and hour violations, among others. Our experience litigating some of the nation's biggest cases enables us to quickly implement time-tested strategies and gives us the wisdom to know when only a novel approach will do.
Contacts
Aaron Zigler
Zigler Law Group
(312) 673-8427
aaron@ziglerlawgroup.com
The action, which was filed in the U.S. District Court for the Middle District of Florida and captioned De Ford et. al. v. Koutoulas et al., Case No. 6:22-cv-652, asserts claims under § 12(a)(1) of the Securities Act of 1933 (the "Securities Act") and under §517.07 of the Florida Securities and Investment Protection Act for the sale of unregistered securities, as well as other Florida State law claims (including conspiracy, unjust enrichment, negligent misrepresentation, and promissory estoppel), on behalf of investors who purchased the LGBCoin unregistered securities, which were sold as LGBCoins on various cryptocurrency exchanges from November 2, 2021 through March 15, 2022 inclusive (the "Class Period"), and who were damaged thereby.
More on illi News
- Mentor Agile Empowers Illinois Residents with Free Access To Product Management Training
- Midwest Pond Features & Landscapes Hits 100 Cleanouts This Spring, Expands Services Across Chicago
- Aureli Construction Sets the Standard for Seamless Home Additions in Greater Boston
- ScreenPoints Puts Film Investors in the Credits—and in the Money With New FinTech Platform
- Beyond Finance Wins Gold Stevie® Award for Customer Service Department of the Year in 23rd Annual American Business Awards
The complaint alleges that Letsgobrandon.com Foundation, LGBCoin, Ltd, Koutoulas, and Horsman sought to capitalize on the publicity surrounding the "Let's Go Brandon" chant and conspired to violate provisions of the Securities Act and its Florida State law analog by selling the unregistered LGBCoins. Further the complaint alleges that Koutoulas and Horsman (and their agents) solicited sales of LGBCoins by making false and misleading statements concerning NASCAR's approval of the LGBCoin sponsorship of Brandon Brown, the digital asset's growth prospects, and financial benefits for LGBCoin investors, as well as using celebrity promoters to lure in unsuspecting investors so that Koutoulas, Horsman, and other insiders could sell the unregistered LGBCoin securities in violation of federal and state securities laws.
On January 5, 2022, NASCAR announced it would not approve LGBCoin's sponsorship of NASCAR driver Brandon Brown. In the wake of this news, the price of LGBCoin fell to Class Period lows.
Lead Plaintiff Deadline
More on illi News
- Pathways to Adulthood Conference May 17 at Melville Marriott Honoring NYS Assembly Member Jodi Giglio, Suffolk County Legislator Nick Caracappa
- Adster Techologies awarded US Patent for breakthrough innovation in reducing latency in Ad Serving
- Mai Coffee Unveils First - Ever Vietnamese Coffee Pouches, Bringing "Viet Super Coffee" To The World
- Chris The Wiz Releases RAIN EP – A Cyberpunk Dreamscape in 4 Tracks
- Penetrium™ Breaks Oncology Barriers: The Solution to Cold Tumors and Metastatic Cancer Unveiled at AACR 2025
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from the date of this notice. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain a member of the proposed class.
What You Can Do
If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact Plaintiffs' counsel, Aaron Zigler of Zigler Law Group, at (312) 673-8427 or via email at aaron@ziglerlawgroup.com.
About Zigler Law Group, LLC
Zigler Law Group attorneys have successfully litigated countless complex cases across multiple industries including consumer fraud, securities fraud, breach of contract, breach of warranty, breach of fiduciary duties, and wage and hour violations, among others. Our experience litigating some of the nation's biggest cases enables us to quickly implement time-tested strategies and gives us the wisdom to know when only a novel approach will do.
Contacts
Aaron Zigler
Zigler Law Group
(312) 673-8427
aaron@ziglerlawgroup.com
Filed Under: Business
0 Comments
Latest on illi News
- The Tide Project Opens at Biennale Architettura 2025 in Venice Amplifying Youth Voices
- Wall Street analysts say BTC.XRP.DOGE cloud mining company SIX MINING is expected to achieve a 5-fold increase, allowing users to easily mine BTC
- Gen X Takes The Reins: New Book Guides Caregivers Juggling Parents, Kids, And Grandkids With Humor And Heart
- Naperville Welcomes Top Global Leaders Through Americas Competitiveness Exchange Visit
- Fray Fitness Launches Memorial Day Sale and Veteran Organization Giveaway
- ABM for Good™ Launches First Project with Build Change
- Local Nonprofit Files Lawsuit Against Trump Administration's Attack on AmeriCorps
- Pregis Honors Partners Driving Measurable Impact with Annual Pregis Purpose Awards
- ImagineX, in Collaboration with Qualys, Launches New mROC Services to Transform Enterprise Cyber Risk Management
- Ditch Micromanagement: New Leadership Book for Results-Driven, Accountability-Based Teams
- Jay Tapp was named Managing Director in British Columbia
- Hubei Heavy Equipment Makes a Striking Appearance at CIMT and Competes with International Brands
- 20 Patents Issued Worldwide, Cementing Company Leadership. First Ever Cable-Free 12-Lead ECG: HeartBeam, Inc. (Stock Symbol: BEAT)
- NASDAQ Uplisting for Higher Market Exposure and Wide Corporate Benefits to AI Boosted Marketing Company On Track Towards $1 Billion Revenue by 2027
- AAR announces investor conference schedule for May and June 2025
- Congressional Men's Health Caucus Shows Bipartisan Consensus and Focus on Prevention, Mental Health, and Closing the Lifespan Gap
- The Alternative AI Architecture That Creates Certainty and Trust - No More Guesses.
- DuoKey, Axiomtek and Blue Edge Network Partner to Enhance Smart Cities with Privacy-Preserving Urban Safeguarding and Fleet Management
- Naperville Police to Participate in Regional Route 59 Traffic Safety Initiative
- Women of Color Take the Stage at Fearless Summit to Scale, Heal, and Get Paid