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National Law Journal

Impact of Consent Judgment in Crypto Enforcement Debated by Industry Professionals

"The fact the SEC was willing to settle the matter without any admissions related to trading securities from the Wahi brothers is a tacit omission that this wasn't a battle they wanted to fight," said Winston & Strawn partner Daniel T. Stabile.
4 minute read

New York Law Journal

Plaintiffs in Securities Fraud Class Action Against Elon Musk Seek to Add Insider Trading Allegation

The suit accuses Musk and Tesla of manipulating the market for the Dogecoin cryptocurrency and causing billions of dollars in losses to investors. The original complaint was filed by Evan Spencer of Evan Spencer Law in June 2022.
3 minute read

Legaltech News

3 Cryptocurrency-Related Businesses at Risk of Class Action Lawsuits

With growing attention from the SEC, and lawsuits from investors, the cryptocurrency industry is primed for more class action litigation.
4 minute read

New York Law Journal

SDNY Prosecutors Urge Judge to Reject Sam Bankman-Fried's Motions to Dismiss in FTX Case

Bankman-Fried's "alleged misconduct falls within the heartland of what these statutes prohibit," prosecutors wrote.
3 minute read

Delaware Law Weekly

Dispute Over Examiner in FTX Bankruptcy Sent Directly to Third Circuit for Resolution

It's a clash between the FTX companies, which secured a favorable ruling in February when U.S. Bankruptcy Court Judge John T. Dorsey ruled from the bench that the case doesn't require multiple investigations, and the U.S. Trustee's Office, which has consistently said the matter needs an investigator further removed from FTX.
3 minute read

Daily Business Review

Amanda McGovern, Daily Business Review's Attorney of the Year in 2022, Dies

"She was a remarkable role model and groundbreaker in our legal community, a single mother who reached the top levels of cross-border litigation in the United States," Jorge A. Mestre, a partner at Rivero Mestre, said.
4 minute read

Law.com

Lawyers Clash About Combining FTX Cases: 'There's Going to Be Overlap'

On Thursday, lawyers in the litigation over collapsed cryptocurrency exchange FTX argued to the U.S. Judicial Panel on Multidistrict Litigation whether to coordinate all the cases, which name banks, financiers, promoters and others.
4 minute read

Daily Business Review

Miami Judge to Rule on Sanctions in Crypto Class Action Against Mark Cuban, Dallas Mavericks

"The main question is how far will Mark Cuban go to prevent his compelled damaging deposition and emails from ever becoming public?" Adam Moskowitz, managing partner at the Moskowitz Law Firm, said.
4 minute read

Legaltech News

It's Complicated: Why the SEC Forgoes Rulemaking in Crypto-Security Fights 

The SEC dismissed industry petitions to bring forth a rulemaking proposal about what cryptocurrencies are securities. But the agency sees no need for more rules, instead preferring to elicit clarity in case-by-case litigation.
6 minute read

Law.com

Ex-Startup CFO Indicted in Seattle Federal Court Over Alleged 'Secret' Transfer of $35M to Cryptocurrency Platform

Within weeks, though, the defendant lost virtually all of the startup company's $35 million in the alleged cryptocurrency-venture scheme, and only then did he tell the executives of the company what he'd done, the indictment alleges.
3 minute read

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