Wake Up Call: Class Actions First to Target Digital Offerings

• Investor and buyer concerns have produced the first lawsuits targeting so-called initial coin, or token, offerings. The Tezos project’s founders said in July that the over $230 million they raised in an ICO would fund development of technology for cryptocurrencies, tokens and coins. Now, a lawsuit alleging the group tried to evade U.S. securities laws, and a similar suit filed in October, are the first but very likely not the last such actions, fintech attorneys said. ( Bloomberg Law )

• Johnson & Johnson was ordered by a Texas jury to pay $247 million to half a dozen patients who claimed the ...