Ben Au, Douglas H. Meal and Lauren Kessler of Orrick, Herrington & Sutcliffe and Young Conaway Stargatt & Taylor partners Robert M. Vrana and Anne Shea Gaza have stepped in to represent Illusory Systems Inc., the creator of a crypto blockchain bridge, and other defendants in a pending civil RICO class action. The suit, filed Feb. 17 in Delaware District Court by Saul Ewing; Gupta Wessler PLLC; and Fairmark Partners LLP, accuses the defendants of failing to implement innovative security features to protect investors assets. According to the suit, the bridge was hacked on Aug. 2022, resulting in the loss of $186 million of investors assets. The case, assigned to U.S. District Judge Richard G. Andrews, is 1:23-cv-00183, Singh v. Illusory Systems, Inc. et al.

This suit was surfaced by Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Law.com Radar publishes daily updates on just-filed federal cases like this one. Click here to get started and be first to know about new suits in your region, practice area or client sector. Read the complaint here:

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]