Wilkie D. Ferguson, Jr. U.S. Courthouse, housing the Florida Southern District Court, in Miami, FL. (Credit: Candace West)

First Promoters Jimmy Butler, Ben Armstrong to Settle in Binance Litigation

Adam Moskowitz, the managing partner at the Moskowitz Law Firm in Coconut Grove, and David Boies, the chair of Boies Schiller Flexner in New York, have also moved for preliminary approval of the proposed settlement class, to appoint class representatives and to appoint them co-lead class counsel.

August 20, 2024 at 10:32 AM

4 minute read

Cryptocurrency

Michael A. Mora

The original version of this story was published on Daily Business Review

What You Need to Know

Attorneys are seeking preliminary approval of the first tranche of settlements in the Binance litigation.
The settling defendants are Jimmy Butler and Ben Armstrong.
The attorneys have also moved for other matters, including the appointment of class representatives and co-lead class counsel.

Attorneys for investors who alleged that they were sold unregistered securities on the Binance platform have obtained the first tranche of settlements of litigation in a federal district court in Miami, from NBA star Jimmy Butler and cryptocurrency influencer Ben Armstrong, who were accused of promoting the digital asset platform.

NOT FOR REPRINT