The claimants accuse Genesis Global Capital and the related entities of failing to honour the terms of the so-called Master Agreement. genesisglobal digitalassets
Demand for Arbitration Filed Against Genesis Global Capital, DCG — Firm Accused of 'Ochestrating a Sham Transaction'
Three Gemini Earn users have accused Genesis Global Capital of breaching a contract and have subsequently filed a demand for class arbitration with the American Arbitration Association. In addition, the three users assert that all transactions “constituted unregistered sales of securities” and therefore must be rescinded.
Meanwhile, in addition to the breach of contract allegations, claimants also argued that “all transactions entered into pursuant to the Master Agreement constituted unregistered sales of securities.” Consequently, the claimants want the contracts of sale rescinded on that basis.
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