Linqto Investor Misrepresentation Class Action
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Linqto · Linqto's pre-IPO private-company investment and special-purpose vehicle offerings · Ongoing Litigation
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About this case
A class action alleges that Linqto, its former CEO Bill Sarris, and Rainmaker Securities misled investors about purchasing direct interests in private companies when they were instead buying interests in improperly formed special-purpose vehicles, and allegedly charged undisclosed markups. The litigation is ongoing; Rainmaker denies wrongdoing and plans to seek dismissal.
Case overview
- Defendant company
- Linqto
- Product or service
- Linqto's pre-IPO private-company investment and special-purpose vehicle offerings
- Case status
- Ongoing Litigation
- Lawsuit type
- Consumer
- Reported harm
- Misrepresentation
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Sources
Public reporting associated with this case.