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ENVION UPDATE – TRADO FOUNDER TEAM WINS COURT CASE

EnvionICO and Token Placement
tamir
Author: tamir
Less than 1 min.read
Spread financial intelligence

The ENVION founders around Michael LUCKOW and TRADO GmbH have just announced that they have won the lawsuit against Matthias WOESTMANN, QUADRAT CAPITAL and their allies Thomas VAN AUBEL and Jutta VON FALKENHAUSEN. Here is the short original announcement from the website of the TRADO team:

  • ILLEGAL: Matthias Woestmann’s capital increase and share dilution
  • REJECTED: Accusation that founders illegitimately created tokens
  • LIABLE: Quadrat Capital and Sycamore GmbH must pay Trado’s legal fees and are liable for damages
  • JAIL/FINES: For selling shares or initiating use of investor funds (6 months jail per infringement)

THE FOUNDERS WON!
The founding team would like to thank the investors who support us in our fight for justice and the protection of ICO funds.

We will analyze the new situation over the next couple of days and publish another update. At the very least, it seems that the TRADO team will take control of ENVION AG and the disputes at shareholder level will be over. That would be good news to all ICO investors in the first place, we guess.

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