Public case information

AI16Z Token Market Manipulation Class Action

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Eliza Labs and AI16z DAO · AI16Z token, later rebranded as ELIZAOS · Ongoing Litigation

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About this case

A class action filed against Eliza Labs, its founder Shaw Walters, Sebastian Quinn-Watson, and the AI16z DAO alleges deceptive acts and market manipulation involving the AI16Z token, later rebranded as ELIZAOS, including alleged misuse of the a16z name and subsequent liquidation by large holders. The matter is ongoing litigation; an initial pretrial conference occurred, defendants have consented to a bench trial, and a motion to dismiss is pending.

Case overview

Defendant company
Eliza Labs and AI16z DAO
Product or service
AI16Z token, later rebranded as ELIZAOS
Court case number
1:26-cv-03238
Case status
Ongoing Litigation
Lawsuit type
Securities
Reported harm
Misrepresentation

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Sources

Public reporting associated with this case.