Gibson DunnGibson Dunn Sued By Crypto Client After Lateral Hire Causes Conflict of Interest
Swan Bitcoin, which retained Gibson, Dunn & Crutcher in September as counsel in trade secrets litigation, claims the firm "betrayed its client for Tether’s billions."
November 22, 2024 at 08:33 PM
3 minute read
What You Need to Know
- Gibson, Dunn & Crutcher was sued in LA Superior Court Friday over alleged breach of fiduciary duty and attorney malpractice.
- Swan Bitcoin retained Gibson in a lawsuit against rival crypto company Tether, but allegedly withdrew after a lateral hire presented a conflict of interest.
- The firm is requesting a court grant an injunction to block Gibson Dunn from dropping it as a client, plus cease any further work with Tether.
Bitcoin trading company Swan Bitcoin has sued Gibson, Dunn & Crutcher in Los Angeles Superior Court, claiming the firm has violated fiduciary duties and ethical standards by withdrawing as its counsel in a trade secrets case when a lateral hire created a conflict of interest.
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