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Terra insider “FatMan” claims to join the class action lawsuit filed by the U.S.-based law firm Scott+Scott against TerraForm Labs, its co-founder Do Kwon, and affiliates. Moreover, “FatMan” also confirms preparing a class action against Do Kwon and Terra in another jurisdiction.
“FatMan” Claims to Join US Class Action Lawsuit Against Do Kwon
Terra insider “FatMan” in a series of tweets on July 26 confirmed joining the class action lawsuit Patterson v. TerrForm Labs Pte Ltd. et al. as a plaintiff along with lead plaintiff Nick Patterson.
“We will be joining the class action lawsuit filed in the US by the international law firm Scott+Scott. We are also preparing actions in another jurisdiction. We demand a fair trial to uncover all of TFL & Do Kwon’s wrongdoings and so that justice can take its course.”
The class action lawsuit was filed on June 17 by Scott+Scott Attorneys at Law LLP against TerraForm Labs, co-founder Do Kwon, head of research Nicholas Platias, and affiliated firms for violating the Exchange Act, the Securities Act, the Racketeer Influenced and Corrupt Organizations Act (RICO), and provisions of the California Common Law.
Until now, 3 class action lawsuits have been filed against TerraForm Labs, Do Kwon, Nicholas Platias, and affiliates in the U.S. The Rosen Law Firm and Bragar Eagel & Squire have also filed similar class action lawsuits having the same defendants, tokens, and allegations.
