Rapper T.I. Beats Untimely Securities Suit Over FLiK Tokens

June 21, 2021, 8:22 PM

Clifford Harris Jr., a rapper better known as T.I., is again free of securities allegations connected to his involvement with a streaming platform’s digital tokens after the Eleventh Circuit affirmed Monday that the plaintiff waited too long to sue.

A would-be class who purchased FLiK tokens during an initial coin offering accuse T.I., co-owner of the now-defunct streaming platform, and FLiK founder Ryan Felton of unregistered sales of securities. The district court was wrong to find that the statute of limitations for the purchasers’ claims precluded equitable tolling, but the complaint still didn’t plausibly allege that T.I. or Felton fraudulently ...

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