Daily Archives: September 2, 2022, 8:53 am

‘Basketball cards are not securities’ says NFT maker in bid to nix lawsuit | Reuters

NFT creator Dapper Labs urged a Manhattan federal court to toss a lawsuit claiming its NBA Top Shot Moments are securities, saying the plaintiffs can’t “make a federal securities case over basketball cards.” The blockchain-based video clips of basketball players were developed as collectables with the National Basketball Association, and bear none of the hallmarks of securities, Dapper Labs wrote…

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Anti-ESG – Bloomberg

… If you call your fund “ESG,” that will make some people more likely to buy it and other people less likely to buy it, and if you are a giant institutional investor like BlackRock Inc. you will do a lot of vague balancing to try to appeal to everyone. But this is also a huge marketing opportunity for other, smaller investment…

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Theranos’ Elizabeth Holmes Judge Upholds Conviction in Preliminary Ruling – Bloomberg

Lawyers for Theranos Inc. founder Elizabeth Holmes failed in a long-shot attempt to get her fraud conviction thrown out by telling the judge who oversaw her trial a version of events that highlighted her company’s accomplishments. US District Judge Edward Davila on Thursday issued a preliminary ruling upholding the guilty verdict reached by a jury in January. Holmes’s bid to…

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Firm’s Digital Commerce Practice Becomes Global Powerhouse With Addition of Four-Partner Group – Brown Rudnick

Brown Rudnick announced today that Stephen Palley, Matthew Richardson, Preston Byrne and Hailey Lennon have joined the Firm as partners in the Digital Commerce practice, supporting companies, platforms in various development stages, startups, protocol developers, exchanges, financial institutions, investors, miners, and a wide range of corporations and individuals working in and around the digital commerce, blockchain and cryptocurrency space. Source:…

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Metaverse Scammers Have a Bridge to Sell You. The Alabama Securities Commission Is Fighting Back

Actually locking up the alleged scammers is another matter. In order to stick it to the scammers, regulators must first identify them, Borg told CoinDesk. But doing so can be tough in the metaverse, where fraudsters can cloak themselves in the veil of internet anonymity, which these days means masquerading in sometimes zany ways, Borg said. “Saying [we’re going to]…

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Beyond the Silk Road: Crypto Needs a Regulatory Course Correction

This raises the question: Will the crypto sector’s most prominent figures – the individuals sometimes pejoratively described as “crypto bros” – be willing to abandon their laissez-faire attitudes and embrace governmental expectations? Because if not, it is reasonable to assume the industry’s rocky relationship with law enforcement and regulators won’t be improving soon. For an example of this, consider the…

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SPAC-Related Securities Suit Filed Against Building Technology Company | The D&O Diary

In the latest SPAC-related federal court securities class action lawsuit to be filed, a plaintiff shareholder has filed a securities suit against a building management technology company – which merged with a SPAC in 2021 — that recently restated its financial statements for the reporting periods after the company became publicly traded. The complaint in the new lawsuit filed against…

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