Credit: lhabum/Adobe Stock Chainalysis Beats $650 Million Lawsuit for Report Labeling Crypto Company 'Scam'
"The statute is still relatively new in the sense that the case law interpreting and applying the statute's standard for pleading-stage dismissal has continued to develop," said Ellyde R. Thompson, a partner at Quinn Emanuel Urquhart & Sullivan.
October 24, 2024 at 04:39 PM
4 minute read
What You Need to Know
- Exceptional Media Ltd. sued Chainalysis Inc. in the Manhattan Supreme Court.
- The case arises out of a dispute over the labeling of a cryptocurrency company as a scam and raises issues of defamation, free speech and anti-SLAPP litigation.
- The state court provided a detailed analysis of the application of the anti-SLAPP statute.
A blockchain analysis firm and its Am Law 20 counsel beat a $650 million defamation and tortious interference case over the labeling of a cryptocurrency company as a "scam" in a ruling the Manhattan Supreme Court held is "a clear example of SLAPP litigation."
Ellyde R. Thompson, a partner at Quinn Emanuel Urquhart & Sullivan in its New York office, represents the defendant, Chainalysis Inc., a leader in crypto crime prevention, in a case brought by Exceptional Media Ltd., a Hong Kong-based crypto company.
Ellyde R. Thompson, partner at Quinn Emanuel Urquhart & Sullivan in its New York office. (Courtesy photo) NOT FOR REPRINT
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