On April 30, 2020, the court in Takata v. Riot Blockchain, Inc., et al., No. 18-02293 (D. N.J.), dismissed a securities class action against Riot Blockchain and certain investors. Riot Blockchain, previously known as Bioptix, transitioned its business in 2017 into building and operating blockchain technologies. The Complaint alleged that the investor defendants, acting as a group, amassed a controlling interest in the company. Plaintiff claimed that the investors engaged in manipulative trading to artificially…