Yuga Labs Requests to Dismiss Class Action Filed by Investors

Court: C.D. California

Case: 2:22-CV-08909

Yuga Labs has requested the court to dismiss the lawsuit filed by investors. The court will determine whether the case proceeds.

What is this lawsuit about?

On October 11, 2022, Bloomberg reported that the SEC had launched an investigation into Yuga Labs over potentially unregistered securities offerings related to its digital products, including ApeCoin tokens, BAYC NFTs, and metaverse assets.

Following this, on December 19, 2022, the price of Yuga Labs-related digital assets significantly dropped, seriously damaging investors.

Then, on December 8, 2022, shareholders filed a claim against Yuga Labs.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify relevant investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.