FAQ

There are three courses of action a potential EOS claimant make take: 

• You can ignore the settlement, and neither claim your share of $22,000,000 USD nor opt out of it. 
• You can register and claim your share of the $22,000,000 offered. 
• You can opt out of the class action settlement and negotiate separately while being represented by Pogust Goodhead.
  

Based on the language of Williams, et al. v. Block.one, et al. Case No. 1:20-cv-2809-LAK, not opting out may limit your rights to future claims.

The class action lawsuit, known as the Block.One EOS class action ,Williams, et al. v. Block.one, et al. Case No. 1:20-cv-2809-LAK  claims that Block.One violated securities laws by conducting an unregistered initial coin offering (ICO) for the EOS cryptocurrency.

You are likely to be a member of the class action if you bought EOS Tokens or ERC-20 Tokens directly from Block.One or through certain exchanges between June 26, 2017, and May 18, 2020:

(i) Coinbase (including Tagomi, Routefire, and Paradex);
(ii) Coinbase Pro (including GDAX);
(iii) Kraken;
(iv) Poloniex;
(v) Bittrex;
(vi) Binance US;
(vii) Genesis;
(viii) Cumberland;
(ix) FTX.US;
(x) Gemini;
(xi) Radar Relay;
(xii) CoinFlip; or
(xiii) or any other exchanges or digital trading platforms based in the United States at the time of the transaction(s) in question

Opting out means choosing to exclude yourself from a class-action lawsuit. By doing so, you retain the option to pursue your own separate legal action against the defendant(s) involved.

Anyone who is part of the class, as described earlier, has the option to opt-out.

The current settlement offer before the court is $22 million for the entire class.

Opting out means you choose to seek a resolution of your claims independently, rather than being part of the class action.

While we cannot guarantee outcomes, historical data suggests that opting out could potentially result in significantly higher compensation, ranging from 4 to 20 times more than what class participants may receive for the same claim.

We will take every effort to reduce the risk of an unsuccessful outcome, including trying to negotiate a settlement before formally seeking exclusion from the class action. If we proceed to litigation, there is always s a chance that we will be unsuccessful and you will have forfeited your rights to participate in the class settlement. Considering the history of the class action and the strength of the judicial decisions already ordered, we believe there is a low-risk of an unsuccessful outcome in this case.

No, we are supporting the opt-out group. For further information, we recommend consulting with Ian Berg from Pogust Goodhead.

The campaign is managed by Nemesis Capital Management, a company based in the British Virgin Islands. They are involved in various crypto disputes globally. Optouts.io is supporting the campaign.

You can contact hello@optouts.io or visit dedicate community links for further inquiries.

The deadline to decide whether to opt-out is August 1st, 2023. This allows sufficient time for effective legal action and discussions with block.one before the settlement approval, expected by September 1st, 2023.

Pogust Goodhead will handle this action on a ‘no win, no fee’ basis. This means legal fees will only be charged if we achieve a successful recovery. Registering for the opt-out action poses no financial risk and may lead to substantial compensation. The Court supervises the proposed legal costs, and if the class action is unsuccessful, no legal costs will be charged to group members.

Even if you no longer own EOS tokens, you can still be part of the class action and choose to opt out.

If you don’t register, you still have rights for compensation within the class action settlement, but the amount is expected to be significantly lower.