$ 159 million lawsuit filed against Russian businessman. This is due to Gram tokens.

On November 7, a lawsuit was filed in the High Court of London for $159 million against Russian entrepreneur Valery Korotkov,who raised $ 15 million to buy Gram from a number of investors and allegedly failed to fulfill his obligations.

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Among investors are companies from Liechtenstein, the UAE and the Marshall Islands, Law360 writes. They transferred funds to the purchase of rights to tokens to the Cyprus company Korotkov Aluxes Holdings.

According to investors, their assets should have beenkeep a division of the Korotkov company. Korotkov himself, according to the lawsuit, said that he was not interested in buying tokens, and his Aluxes Holdings acted as a simple investment fund.

Now the plaintiffs are demanding compensation of $159 million &#8212;the figure appeared based on the projected price of tokens at the time of their release. They also demand the termination of contracts with Korotkov through the court and the assignment of rights to the tokens to them after the release.

Recall that the launch of the Telegram Open Network was postponed due to a conflict of developers and the American SEC, in which Gram is considered an unregistered security.

The trial was adjourned to February 18-19, 2020.