Terraform Labs, Founder, VC Firms Sued on Claims That Investors Were Misled

An Illinois resident sued Terraform Labs, its founder Do Kwon and several VC firms that make up the Luna Foundation Guard (LFG) on claims the defendants violated federal securities laws and misled investors.

The plaintiff, Nick Patterson, filed a lawsuit seeking class action status on Friday in the Northern District of California in the hopes of recouping losses and any injunctive or punitive fees from a jury trial.

Source: Terraform Labs, Founder, VC Firms Sued on Claims That Investors Were Misled