Class Action Suit Against Rapper TI Dismissed in US Appellate Court

An unanimous panel of 11th Circuit judges upheld the dismissal of a class action securities lawsuit against rapper T.I and ended investors’ attempts to recoup money they say was lost on worthless cryptocurrency investments.

T.I., and business partner Ryan Felton were accused of violating securities law for selling unregistered FLiK tokens to investors in 2017.

Official documents filed on Monday in the U.S. 11th Circuit Court of Appeals show the decisions made by circuit judge William Pryor, district judge Emily Coody Marks and chief judge Robert J. Luck upheld a decision by a lower court to dismiss the complaint, because it was filed beyond the limitations period.

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