YouTuber Logan Paul’s bidding to remove a suggested class action lawsuit by his removal of the unoccupied token (NFT) project should allow cryptozoo, says a Judge of the Texas magistrate.
Magistrate Judge Ronald Griffin Pinuineuhan An Austin Federal Court on Thursday said the class team was not tied to Paul in their claims that they had lost money by buying the Cryptozoo project.
The recommendation can see a federal judge drop the suit unless the class updating.
The group is made up of cryptozoo buyers that Paul was first judged And others are said to be tied to the project in February 2023, saying it was a “rug pull” that promised perks that had never been materialized.
However, Griffin said the class should be allowed to change everything but one of their 27 claims against Paul, but a claim that stating that he had committed a commodity pool fraud should be permanently eliminated.
“Mental Gymnastics” required for Commodity Pool Fraud claim
Judge Griffin said in his 75-page report that his recommendation to eliminate the demand for the demand’s commodity pool fraud came as the court “did not comply with the logic of the plaintiff.”
The class argued that the cryptozoo NFT was a contract of choice as they started as “eggs” that “hatch” with animals, which then could have been with others to create hybrid animals that could be exchanged.
“In other words, because consumers buy CZ (cryptozoo) nfts who do not know their value until they
“The mental gymnastics needed to get to the conclusion that this is truly dizzy,” he added. “Plaintiffs do not explain – the court does not understand – how their CZ NFT purchases have created option contracts or contracts for future delivery.”
Other claims failed to tie Paul
Judge Griffin said the lawsuit failed to properly connect Paul to 26 other claims made against him, saying they had not yet shown evidence that he had directly and personally benefited from the fall of Cryptozoo.
The lawsuit has brought claims of fraud, unfair enrichment, neglect, contract violation, fraud conspiracy, helping and distracting fraud and violation of consumer law in many states, among others.
Judge Griffin said in some cases the complaint provided “fragments of facts combined with vague characteristics of ‘the defendants'” or looked at “jam together two pieces of different puzzles in futile hopes to make a final, cohesive product.”
“Unfortunately, Caselaw does not support this tactic.”
Paul has refunded cryptozoo consumers
The class group went up to Paul and Cryptozoo co-founders Eduardo Ibanez and Jake Greenbaum in 2021, and Paul said in January 2024 that he was connected by the duo, which caused Cryptozoo’s collapse, judge Griffin judged The court was urged in July to rearrange.
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In January 2023, Paul promised to make a plan for cryptozoo and set aside $ 2.3 million for refunds For cryptozoo consumers a year later under the condition that those who claim not to sue the project.
Buyers are that –refund of 0.1 ether (Eth), the same amount of cryptozoo NFTS was originally sold for 2021.
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