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Litigation

Feb. 5, 2016

Crowdfunded startup faces lawsuit over product efficacy

A company that promised to unclutter wallets faces a putative class action from customers who say the popular product does not work as advertised.

By Phil Johnson
Daily Journal Staff Writer

A startup that promised to unclutter wallets faces a putative class action lawsuit from customers who say the popular product does not work as advertised.

Coin Inc., headquartered in San Francisco, enjoyed one of the most successful crowdfunding rounds in history in 2013 when it gathered more than $19 million in two months, blowing past an original goal of $50,000 after 40 minutes. Coin's prom...

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