U.S. District Court for the Central District of California at 350 W 1st St. in Los Angeles. Photo: Amanda Bronstad/ALM Swan Bitcoin Enlists Gibson Dunn in Alleged Billion-Dollar Mining Heist Case
"As laid out in Swan's complaint, the theft of Swan's trade secrets and confidential information is staggering and alarming," said Harris M. Mufson, a partner at Gibson, Dunn & Crutcher.
September 26, 2024 at 04:36 PM
4 minute read
What You Need to Know
- Former consultants allegedly stole proprietary information to launch a rival company.
- Swan Bitcoin has filed a lawsuit against the defendants, seeking to protect its trade secrets and business.
- The case highlights the competitive and high-stakes nature of the cryptocurrency industry.
A cryptocurrency financial services firm has filed a trade secrets complaint in a federal district court in Los Angeles against a "copycat company" over its "rain and hellfire" plan to steal the firm's "billion-dollar bitcoin mining business."
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Coinbase Justifies wBTC Delisting by Pointing to Justin Sun Connection
4 minute read
Foreign Ownership Laws Blocked by Federal Judge in Blow to State Attorney General
5 minute read
Coinbase Hit With Antitrust Suit That Seeks to Change How Crypto Exchanges Operate
3 minute read
Law Firms Mentioned
Trending Stories
- 1Mental Health Issues Don’t Get a Holiday
- 2'It's Got to Be a Wake-Up Call:' Atlanta Attorney Hopes $16M Verdict Spurs Training Changes at Hotels
- 3FTC Bans 'Junk Fees' in Live-Event Tickets and Short-Term Lodging
- 4California Legal Awards Moving to Mid-Summer Date in 2025, Adds New Categories
- 5Law Student Sues NY Attorney Grievance Officials, Seeking Materials Over Sexual Assault Claims
Who Got The Work
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.
Who Got The Work
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.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
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.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
