If you purchased FEI or TRIBE tokens in the Genesis Event between March 31, 2021 and April 3, 2021, a class action settlement may affect your rights
COSTA MESA, Calif., July 7, 2023 /PRNewswire/ -- Simpluris Inc. announces that a settlement has been proposed in a class action lawsuit concerning the sale of "FEI" or "TRIBE" tokens through the Fei Protocol in an initial sale conducted between March 31, 2021 and April 3, 2021, called the "Genesis Event." The settlement will provide $17,850,000.00 to pay claims to persons and entities who purchased FEI or TRIBE tokens in the Genesis Event. If you qualify, you can submit a Proof of Claim form to get your share of the settlement, exclude yourself from the settlement to retain your right to sue, or object to the settlement. The amount of your claim could be substantial.
- The settlement will provide $17,850,000.00 to pay claims to persons and entities who purchased FEI or TRIBE tokens in the Genesis Event.
- Before any money is paid, the Court will have a hearing to decide whether to approve the settlement.
- The lawsuit claims that the sale of FEI and TRIBE tokens in the Genesis Event was a sale of unregistered securities.
- The plaintiff claims that this entitles persons who purchased FEI and TRIBE tokens directly from the Fei Protocol in the Genesis Event to get compensation.