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New York Law Journal

NY Reaches $2B Settlement With Bankrupt Crypto Lender Genesis

The settlement resolved a lawsuit James' office filed in state Supreme Court of Manhattan in October, and establishes a victims' fund for Genesis' creditors, with the firm neither admitting or denying the allegations.
3 minute read

Corporate Counsel

For In-House Lawyers Trying to Keep Up on AI Regulation, States Are Ground Zero

State laws are proliferating that cover such topics as the creation of deep fakes and the use of AI in the employee-recruitment process.
5 minute read

The American Lawyer

Cahill Adds 4 Lawyers From Crypto Boutique, Rolls Out Expanded Digital Assets Practice

Cahill, also launching in Delaware, has brought on four lawyers from DLx Law, including boutique founder Lewis Cohen.
4 minute read

National Law Journal

GOP Lawmakers Propose Protection for Targets of SEC Proceedings

Proposed legislation would allow private parties in an administrative proceeding to remove their case to federal court before adjudication.
4 minute read

Corporate Counsel

SEC Escalates Fight With Robinhood, Sending Wells Notice Over Crypto Unit

The development is a setback for Robinhood legal chief Dan Gallagher, who has championed a strategy of engaging with the agency and is himself a former SEC commissioner.
3 minute read

Daily Business Review

Attorneys in Voyager Litigation Reveal Settlement Figures With Gronkowski, 2 Other Prominent Athletes

Mark Cuban and the Dallas Mavericks are the remaining defendants, with a trial set tip off in November.
3 minute read

New York Law Journal

Former Amazon Security Engineer Sentenced to Three Years in Crypto Hacking Case

Prosecutors, who previously described the arrest as the first related to an attack on a smart contract, asked U.S. District Judge Victor Marrero to impose a sentence of four years in prison.
3 minute read

Law.com

Law Firm Specializing in 'Crypto Taxation' Claims Former Employee Used Proprietary Info in YouTube Videos

This case was first surfaced by Law.com Radar.
3 minute read

Delaware Business Court Insider

Terra Luna—Marking the Beginning and the End of the 'Crypto Winter'?

Does Terra's bankruptcy mark the end of the "Crypto Winter"? The recent rebound of the cryptocurrency market seems to suggest so, particularly with Bitcoin setting a new all-time high of $73,805.27 on March 14, 2024.
5 minute read

New York Law Journal

Manhattan Jury Finds Terraform, Do Kwon Liable in Crypto Civil Fraud Trial

U.S. District Judge Jed Rakoff of the Southern District of New York said he intends to rule on penalties no later than the first week of May, after receiving briefs from the defendants and the U.S. Securities and Exchange Commission.
3 minute read

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