Marc Powers, Jonathan Forman Examine U.S. Actions against Foreign ICO Defendants

Articles / September 24, 2018

Partner Marc Powers and Counsel Jonathan Forman authored an article published Sept. 21, 2018, by Timestamp Magazine. The article is titled “Hard for ICOs to Avoid US Courts: Personal Jurisdiction Found in Two Recent Securities Cases over Foreign ICO Defendants.” In it, Powers and Forman discuss class action and enforcement action proceedings brought against parties involved in the issuance and marketing of initial coin offerings (ICOs), including those outside the United States. They analyze two recent matters involving foreign ICOs and detail several factors that appear to subject foreign parties to jurisdiction in U.S. courts, including visiting the States, social media marketing and using U.S.-based agents.

Read the article.