L-R: First DCA Judges Ross L. Bilbrey, Lori S. Rowe and Adam Tanenbaum. Courtesy photos 'Horror of Horrors': Florida Judges Spar Over En Banc Review in Binance Ruling
"[T]here is no authority for this court's en-banc procedure to serve as a vehicle for some members to impose their judicial philosophy on other members who do not buy into it," First District Court of Appeal Judge Adam Tanenbaum wrote in his concurring opinion.
October 18, 2024 at 03:17 PM
4 minute read
Cryptocurrency
What You Need to Know
- Florida's First District Court of Appeal ruled in favor of Binance.
- The appellate court held that regulators should not have denied Binance's effort to operate in the Sunshine State.
- After finding in favor of Binance, the appellate judges focused on addressing the scope of an en banc review.
Florida's First District Court of Appeal held that regulators should not have denied Binance.US's effort to operate in the Sunshine State since the agency failed to follow proper procedures for blocking the cryptocurrency exchange, according to an 18-page en banc opinion that expanded upon a May ruling and resulted in judicial jousting.
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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.
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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.
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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.
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