U.S. District Court Eastern District of Arkansas (Central Division) at the Richard Sheppard Arnold U.S. Post Office and Courthouse in Little Rock, Arkansas. Photo: Carol M. Highsmith/Library of Congress via Wikimedia CommonsState Attorney General Faces Federal Courtroom Test Over Crypto Mining Ban
“We have seen dozens of state laws enacted over the last few years restricting or prohibiting investment in U.S. real property by foreign individuals, companies and governments,” said Robert A. Friedman, a partner at Holland & Knight. “Arkansas is just one example of a surging national trend.”
December 02, 2024 at 04:16 PM
4 minute read
What You Need to Know
- A crypto mining company sued multiple defendants, including the state of Arkansas and its attorney general, over two of the state’s laws.
- U.S. District Chief Judge Kristine G. Baker entered a temporary restraining order against the attorney general that prevented him from enforcing the laws.
- An attorney specializing in international trade who is not involved in the matter said similar actions are surging and challenging the legal underpinnings of these foreign investment state statutes.
A federal district judge court in Arkansas will hold a hearing Wednesday on whether to block a state attorney general from enforcing two controversial laws against a crypto company following the court’s issuance of a temporary restraining order in a case one independent expert called an “example of a surging national trend.”
Alexander T. Jones of Kutak Rock in the Am Law 200 firm’s Little Rock, Arkansas, office is among the attorneys who represent the plaintiff, Jones Eagle LLC, against the defendants, the state of Arkansas and Tim Griffin in his official capacity as the state attorney general.
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Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
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Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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