Plaintiffs Dismiss Without Prejudice Crypto Fraud Complaint vs. Pollen Mobile

Plaintiffs Layer Zero and David Hudson dismissed without prejudice their fraud complaint against Pollen Mobile and co-founders Anthony Levandowski and Christian Kurasek, said their notice of dismissal Friday (docket 3:23-cv-04023) in U.S. District Court for Northern California in San Francisco. Pollen created a decentralized wireless network in early 2022, which allowed people to create wireless network coverage using their own antennas and wired internet connections. To help seed the market, the company sold wireless providers radio equipment in exchange for money but paid them in Pollen Coin, “a crypto token that Pollen minted from thin air and which it shortly thereafter sold to investors for cash as well,” said the August complaint (see 2308100040). Layer Zero brought the case on behalf of itself and all other buyers of wireless equipment from Pollen “to rescind those sales or for rescissory damages” under federal and California securities laws. Hudson sued on behalf of himself and all other Pollen Mobile holders to redeem his gift certificates and for actual and statutory damages under federal and California gift card laws and the California Unfair Competition Law.