Yanked Crowdfunder Considers Lawsuit Vs. Indiegogo

Canadian startup Frank, that was to create a $180 smart phone, is contemplating litigation against crowdfunding site Indiegogo.

Indiegogo terminated Frank’s crowdfunding campaign at only 23% of its targeted goal for alleged violations of its Terms of Service.

But Frank claims that it was yanked without fair notice and a chance to cure.

The company is now trying to pre-sell its phones on its own website.


About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
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