What's Next: Big New Crypto Case + Pinterest's Plans for NDAs
February 09, 2022 at 02:03 PM
3 minute read
What's Next
Welcome back to What's Next, where we bring you the latest on the intersection of law and technology.
You can email me at [email protected] and follow me on Twitter at @meghanncuniff.
Falling cryptocurrencies (bitcoins, dogecoins, shiba coins, binance coins and other) Credit: Igor Faun/Shutterstock.com
New DOJ Cryptocurrency Case is Feather in Beefed Up Regulatory Cap
The U.S. Department of Justice's beefed up regulation of cryptocurrency now has a marquee case after Tuesday's arrest of a couple accused in the $4.5 billion hacking of the virtual currency exchange.
Ilya "Dutch" Lichtenstein, 34, and his wife, Heather Rhiannon Morgan, 31, both of New York City, were to appear in U.S. District Court in Manhattan on Tuesday for an alleged conspiracy to launder cryptocurrency stolen during the 2016 hack of Bitfinex.
Authorities have seized $3.6 billion in cryptocurrency so far, which Deputy Attorney General Lisa Monaco said is the DOJ's largest financial seizure ever. Monaco said the couple laundered money "through a labyrinth of cryptocurrency transactions" and "In a futile effort to maintain digital anonymity."
"Thanks to the meticulous work of law enforcement, the department once again showed how it can and will follow the money, no matter what form it takes," Monaco said.
Lichtensten, a native of Rostov, Russia, is charged with money laundering conspiracy and conspiracy to defraud the United States, as is Morgan, who court documents say was born in Ontario, Oregon. Both were arrested at their apartment on Wall Street in Manhattan's Financial District, according to court documents filed in the Southern District of New York.
Lichtenstein is represented by Anirudh Bansal of Cahill Gordon & Reindel LLP. Morgan is represented by Samson Aaron Enzer, also of Cahill Gordon & Reindel. Neither attorney could not immediately be reached for comment.
Read the DOJ news release here.
Pinterest headquarters. (Shutterstock)
Judge Alsup Demands More Info on Pinterest's Alleged Nixing of Nondisclosure Agreements
Pinterest made a splash when it announced that, as part of its settlement of securities directive litigation related to workplace harassment claims, it would no longer be requiring nondisclosure agreements for harassment or discrimination lawsuits.
Now the judge in charge of approving the settlement, U.S. District Judge William Alsup, wants more information. Read more in my story here.
|
On the Radar
|The Nitty-Gritty of Big Law Mergers: Making the Tech Work in 3 Recent Tie-Ups
Chief information officers at Holland & Knight, Dinsmore & Shohl and Thompson Coburn share merger lessons. Read more from Dan Packel here.
|As California Readies Automatic Renewal Law, Compliance Efforts May Already Be Falling Behind
California's amended automatic-renewal law is set to go into effect in July. But a patchwork of other states' laws may push some companies to risk under-compliance. Read more from Victoria Hudgins here.
|4th Circuit: Exigent Circumstances Can Justify Obtaining Cellphone Data Without a Warrant
In a case of first impression, the U.S. Court of Appeals for the Fourth Circuit followed Second Circuit guidance in concluding that exigent circumstances can justify law enforcement's access to a defendant's cellphone "pings," or GPS location, and call logs—even after failing to obtain a warrant. Read more from Marianna Wharry here.
____________________________________________________________________________
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
What's Next: Judge to Quash Twitter Subpoena | SCOTUS Won't Review Trial Ban
4 minute read
Law Firms Mentioned
Trending Stories
- 1Federal Judge Sets 2026 Admiralty Bench Trial in Baltimore Bridge Collapse Litigation
- 2Trump Media Accuses Purchaser Rep of Extortion, Harassment After Merger
- 3Judge Slashes $2M in Punitive Damages in Sober-Living Harassment Case
- 4Georgia Supreme Court Honoring Troutman Pepper Partner, Former Chief Justice
- 5Insurer Not Required to Cover $29M Wrongful Death Judgment, Appeals Court Rules
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
