While a federal judge upheld a jury’s verdict that three cryptocurrency-related products were not securities as a matter of state or federal law, he sided with the plaintiffs’ request for a new trial over a fourth product, Paycoin.

The plaintiffs, Denis Marc Audet, Michael Pfeiffer, Dean Allen Shinners, and Jason Vargas—individually and on behalf of a class of others similarly situated—filed a suit against Stuart A. Fraser, GAW Miners and ZenMiner, claiming they were defrauded and sought to recover losses from the defendants. The plaintiffs alleged securities law violations and common-law fraud arising from the cryptocurrency mining company’s sale of four products: Hashlets, Paycoin, HashStakers, and Hashpoints, according to the judge’s ruling on post-verdict motions filed in the U.S. District Court for the District of Connecticut on June 3.

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