LGB Token Sale of Unregistered Securities Complaint

April 1, 2022

This class action alleges that a new cryptocurrency (LGB tokens), based on the Let’s Go Brandon meme, actually consists of unregistered securities. It brings suit against a corporate defendant, known as Corporate Defendant Doe or LGBcoin and groups of individuals (the Executive Defendants, the Racing Defendants, and the Promoter Defendants). The complaint alleges they created a misleading initial coin offering (ICO) and misleadingly promoted and sold the LGB tokens investors.