NEW YORK, Feb. 08, 2018 (GLOBE NEWSWIRE) -- Stull, Stull & Brody today announces that it and Eggnatz | Pascucci have filed a lawsuit against BitConnect, BitConnect LTD, BitConnect International PLC and BitConnect Trading LTD (collectively “BitConnect”), and others, alleging violations of federal securities laws, and other violations of state law, relating to the BitConnect lending and staking programs.

The case alleges that BitConnect held itself out as “the cryptocurrency revolution” purported to “[b]uild trust and reputation in [a] bitcoin and cryptocurrency ecosystem with [an o]pen-source platform.”  BitConnect stated that “Investing on BitConnect platform . . . is a safe way to earn a high rate of return on your investment without having to undergo a significant amount of risk.” The case further alleges that BitConnect willfully and fraudulently failed to disclose material facts when offering the BitConnect investments, which caused its price to plummet drastically.

If you invested with BitConnect and you have questions about your legal rights or interests with respect to these matters, please contact Michael Klein, Esq. at Stull, Stull & Brody by e-mail at BitConnect@ssbny.com, by calling toll-free 1-212-687-7230 x147, by fax to 1-212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.

You may retain Stull, Stull & Brody, or other counsel of your choice, to represent you. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Beverly Hills.

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