Some Italian investors required legal assistance to Lexia Avvocati to file an action for damages in relation to the ICO (Initial Coin Offering) made by the Italian company Friendz S.r.l. and the Swiss company Friendz S.A. during the 2018, through which the companies have collected more than € 24 million.

Lexia Avvocati has been engaged by a group of Italian investors to take a legal action for damages in relation to the alleged unlawful public offer of “financial products” under Italian laws, the “financial products” were tokens called “Friendz Coin” (FDZ). The Italian company Friendz S.r.l. and the Swiss company Friendz S.A. have jointly created and promoted the ICO and the Token FDZ. Friendz Coin public offer last from 1 March 2018 to 21 March 2018.

Friendz S.r.l. and Friendz S.A. collected through the ICO more than € 24 million.

After the ICO, the Token Friendz were listed on some Exchanges and they lost more than 94% of the price value compared to the initial listing price.

Everyone has purchased the FDZ during the ICO, that it is between 1 March and 21 March 2018, after a case-by-case assessment of whether certain requirements are met, may join the legal action.

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