Fenwick & West offices in Washington, D.C. Photo: Diego M. Radzinschi/ALM Crypto Investor Hits Fenwick & West With $2.6 Million Lawsuit
"Fenwick's public pronouncement of its venture capital and regulatory expertise contributed to the misleading notion that Prime took regulatory compliance seriously and lent credibility to Prime's claims of compliance, competence, and innovation," the complaint states.
August 20, 2024 at 11:28 AM
4 minute read
Litigation
The original version of this story was published on The American Lawyer
What You Need to Know
- An investor in cryptocurrency custodian Prime Trust sued Fenwick & West for more than $2 million.
- The investor, Seven Peaks Ventures, claims it was misled into investing into the failed crypto company's Series A funding round in 2021.
- Prime Trust went bankrupt and entered state receivership in Nevada in August 2023.
Fenwick & West was sued in an Oregon court Monday by investors in defunct cryptocurrency custodian Prime Trust for allegedly misleading them into investing.
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
Bosworth Claims It Was Kline & Specter, Not Him, That Breached Settlement Terms
4 minute read
Drugmaker Wins $70.5M After Fed Judge Says Generic Sales Were Blocked
4 minute read
The Week in Data Nov. 10: A Look at Legal Industry Trends By the Numbers
'Innovation Over Regulation': Tech Litigators and Experts Share Insights on the Future of AI, Data Privacy and Cybersecurity Under Trump
Law Firms Mentioned
Trending Stories
- 1Judicial Ethics Opinion 24-60
- 2California Implements New Law Banning Medical Debt From Credit Reports
- 3Trump Picks Personal Criminal Defense Lawyers For Solicitor General, Deputy Attorney General
- 4Climate Groups Demonstrate Outside A&O Shearman and Akin Offices
- 5Republican Who Might Become FTC's Next Chair Blasts Democratic Commissioners' 'All Mergers Are Bad' Mindset
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
