I received this wonderful message from the US lawyer handling the class action. They have succeeded in getting the case heard in New York. There is still a lot of work that has to be done, but this is one major hurdle that has been crossed. As this is a class action, any compensation that may be won in the legal suit will be shared with all Pinnacle Note holders, regardless of whether they had been among the original complainants.
Dear Mr. Tan,
You may already have heard, but yesterday the NY Court denied Morgan’s motion to dismiss, which means that we can proceed in NY. We still have a difficult road ahead of us, but this is a significant victory in the first battle.