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The Recorder

Coinbase Hit With New Securities Class Action Amid Battle With SEC

A proposed class action, filed by Rosen Law Firm, accuses the crypto exchange company Coinbase of selling unregistered digital asset securities on its platform and failing to register the company as a broker-dealer with the SEC and state regulators.
3 minute read

Daily Business Review

Miami Litigators Revive 9-Figure Lawsuit Against NASCAR Over 'Let's Go Brandon' Coin

"There's a tendency to treat crypto and meme coins as a joke where they don't need to be taken seriously," said Joe Delich, a partner at Freedman Normand. "But they're a real product."
4 minute read

Daily Business Review

SEC Ordered to Pay New York and Am Law 100 Firms $1.2M in Attorney, Receivership Fees

The fallout from the litigation led to two U.S. Securities and Exchange Commission attorneys resigning from the agency.
4 minute read

New York Law Journal

'Astonishing': Kaplan Sentences FTX Executive to 7.5 Years for Role in Campaign Finance Fraud

Prosecutors asked that Ryan Salame receive a sentence of five to seven years, while defense counsel from Mayer Brown argued that a lower sentence of 18 months would be appropriate.
4 minute read

The American Lawyer

FTX Examiner Clears S&C, Questions Fenwick's Knowledge of Fraud

A court-appointed examiner cleared Sullivan & Cromwell of allegations that the law firm was aware of the fraud as it handled 20 matters for FTX before its bankruptcy filing.
4 minute read

Litigation Daily

Litigators of the Week: Cleary Helps Crypto Lender Genesis Settle With NYAG, Win Approval for Reorganization Plan

Sean O'Neal, Tom Kessler, and Jane VanLare of Cleary Gottlieb Steen & Hamilton helped Genesis win approval for the settlement of the AG's Martin Act claims and its plan of reorganization, where dollar creditors are estimated to receive 100% of their claims and cryptocurrency creditors have estimated average recoveries of 77% on an in-kind basis.
5 minute read

New York Law Journal

Feds Seek 5 to 7 Years for Ex-FTX Executive in Campaign Finance Fraud Case

Ryan Salame's attorneys from Mayer Brown asked U.S. District Judge Lewis Kaplan to impose a sentence of no more than 18 months, arguing that he was not part of FTX founder Sam Bankman-Fried's inner circle.
4 minute read

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

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