September 20, 2024 | Daily Business Review
OpenSea Faces Class Action Lawsuit in Miami Over NFT Sales"We're not just suing OpenSea in a class action like other lawsuits that will follow ours; we want to use this litigation to help create the framework of NFTs moving forward," said Adam Moskowitz, the managing partner at the Moskowitz Law Firm.
By Michael A. Mora
4 minute read
September 19, 2024 | Law.com
UChicago Law Professors Release Desk Reference Breaking Down Crypto, Web 3 for Attorneys"It's bound to be the reference of choice for lawyers and judges alike," Paul Grewal, the chief legal officer for Coinbase Inc., said on X.
By Michael A. Mora
4 minute read
September 18, 2024 | National Law Journal
Federal Reserve's Half-Point Rate Cut Expected to Have an Impact on Crypto Litigation, Experts SayThe Federal Reserve's actions could lead to bigger litigation budgets and a higher degree of risk tolerance in the cryptocurrency space, said Alex More, a partner and head of litigation of Carrington, Coleman, Sloman & Blumenthal.
By Michael A. Mora
3 minute read
September 17, 2024 | New York Law Journal
SEC Obtains $750K Settlement From 'World's First NFT Restaurant'"The line between innovation and a potential securities violation remains murky," said Helen Gugel, a partner at Am Law 10 firm Ropes & Gray who is not involved in the matter.
By Michael A. Mora
4 minute read
September 13, 2024 | New York Law Journal
SEC Says Farewell to the Term 'Crypto Asset Securities'"It's just the evolution where there were way too many scams by crypto folks that lead to the SEC's aggressive overreach and regulation enforcement, that you have a pendulum that goes one way and the other way and now it is maybe slowing down a bit," said Terrence Yang, a strategic advisor to Swan Bitcoin.
By Michael A. Mora
3 minute read
September 12, 2024 | National Law Journal
Biotech CEO Sent $1M in Crypto to Wrong Wallet. Now He's Suing the Issuer for Its Return"This is an attempt to deviate from that precedent," said Daniel Maland, the immediate-past co-chair of the Florida Bar Business Law Section Blockchain and Digital Assets Committee. "They're trying to hold crypto exchanges accountable to a different standard."
By Michael A. Mora
4 minute read
September 11, 2024 | National Law Journal
SEC Charges Apex Partner Behind $852K Alleged Crypto Fraud"This shows that individuals appear to be still using crypto as bait to lure investors into what are essentially old-fashioned get-rich-quick schemes," said Arlo Devlin-Brown, a partner at Covington & Burling.
By Michael A. Mora
4 minute read
September 10, 2024 | Law.com
Athena Bitcoin, Genesis Coin Face Potential Class Action Over 'Epidemic' Elder Fraud"We're taking a new legal problem and we're trying to find solutions for our client," said Marc E. Dann, an ex-state attorney general.
By Michael A. Mora
4 minute read
September 09, 2024 | New York Law Journal
NextEra Energy Pension Plan Connected to Allegedly Fraudulent Real Estate Action"It's another thing to be exposed to a broad claim where the potential award could conceivably be in the tens of millions of dollars if the judge allows the valuation of the underlying asset," said Jason Giller, a managing partner at Giller Law who is not involved in the case.
By Michael A. Mora
4 minute read
September 05, 2024 | New York Law Journal
International Crypto Bank Faces New York Securities Fraud Class Action Lawsuit"It was a cutting-edge bank and should have been a great success, but the CEO misrepresented the financials and allegedly stole the money," said Jeffrey W. Gutchess, a partner at AXS Law Group.
By Michael A. Mora
3 minute read
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