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Daily Business Review

FTX Investors Claim Sullivan & Cromwell 'Aided' and Encouraged Fraud

S&C has generated $180 million "or 10% of the total revenue the 900-lawyer firm publicly stated it collected in all of 2022," according to a new lawsuit by FTX investors.
4 minute read

Corporate Counsel

Match.com Legal Chief Splits for GoDaddy and Its $10M Stock Grant

"I love technology that makes it easier for people to do the things they love, and I'm inspired by GoDaddy's mission to empower entrepreneurs everywhere through its technology platform," GoDaddy's chief legal and strategy officer Jared Sine said of his new role.
3 minute read

Delaware Business Court Insider

Crypto Contract Clash Gets Second Look From Delaware Supreme Court En Banc

The case, one attornmey said, uniquely issues of administrative, agency and securities law—and how they apply to a deal made at a time when regulatory standards for the crypto industry are evolving.
5 minute read

Daily Business Review

Crypto Investors Sue NBA, McCarter & English

"In so doing, McCarter & English was so reckless and grossly negligent in their work that they crossed the line into soliciting the sale of unregistered securities and in actively participating in and enabling this RICO Conspiracy that has caused …billions in damages," the plaintiffs alleged in the nearly 110-page lawsuit.
4 minute read

The American Lawyer

White & Case Helped Distribute Nearly 80% of Celsius Account Holder Funds Before Founder's Criminal Fraud Trial

The crypto lender emerged from Chapter 11 at the end of January, with former customers receiving bitcoin, stock in a bitcoin mining operation and the rights to legal claims against founder Alex Mashinsky.
5 minute read

National Law Journal

Lowenstein Hires New Data Privacy Chair From Alston & Bird

Amy Mushahwar has also spent time at Holland & Knight, Reed Smith, Ballard Spahr and Davis Wright Tremaine.
4 minute read

Daily Business Review

Former Big Law Partner Gets 10 Years in Prison for Money Laundering

Former Manhattan U.S. Attorney Geoffrey S. Berman said the Florida lawyer, "who was an equity partner at a well-known international law firm, exploited his expertise as a seasoned corporate attorney to create sham investment funds."
5 minute read

Law.com

'The Lord Told Us To:' Colorado Pastor Accused of Defrauding Millions in Cryptocurrency Scheme

"Out of the $1.3 [million], half a million dollars went to the IRS, and a few hundred thousand dollars went to a home remodel the Lord told us to do," defendant Eligio (Eli) Regalado, a paster at Victorious Grace Church, said in a video.
6 minute read

New York Law Journal

Ancient Torts and Modern Assets

Recent court rulings show the venerable common-law tort of conversion providing an effective vehicle for relief in a number of cryptocurrency and NFT disputes.
19 minute read

Law.com

CFTC Charges Crypto Platform Debiex With $2.3M 'Pig Butchering' Digital Asset Scheme

This suit was surfaced by Law.com Radar, ALM's source for immediate alerting on just filed cases in state and federal courts. Law.com Radar now offers state court coverage nationwide. Sign up today and be first to know about new suits in your region, practice area or client sector.
4 minute read

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