Credit: Iaroslav Danylchenko phoographer/Adobe Stock Silicon Legal: Amid Regulatory Turmoil, Crypto Exchange Guns for Growth
Binance, the world's largest cyrptocurrency exchange, has parted ways with its top American lawyer amid regulator scrutiny and price volatility on the horizon, while European regulators are also taking a look at the exchange.
October 26, 2021 at 02:46 PM
3 minute read
Technology Media and Telecom
Binance, the world's largest cryptocurrency exchange, has parted ways with its top American lawyer amid regulator scrutiny and price volatility on the horizon.
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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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