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Join the Securities Litigation and Enforcement Group on LinkedInDo Kwon Says SEC Is Out of Bounds in Pursuing Crypto Fraud Suit – Bloomberg
Crypto entrepreneur Do Kwon’s lawyers say a US regulator’s lawsuit accusing him and Terraform Labs Pte of securities fraud is unfounded, in part, because the stable coin at issue is a currency, not a security. *** The agency said the company illegally offered unregistered securities and carried out a scheme that wiped out at least […]
The Crypto Detectives Are Cleaning Up – The New York Times
When cryptocurrencies hit the mainstream in the 2010s, the technology was widely viewed as a perfect vehicle for crime. A drug dealer or scam artist could transfer large quantities of money instantly, without relying on a bank to validate the transaction. To early advocates, crypto was appealing because it promised the secrecy and anonymity of […]
Plaintiffs Lack Standing to Sue Over Pre-Merger Statements of SPAC Target Company | The D&O Diary
As readers of this blog know, in the last couple of years a significant number of SPAC-related securities lawsuits have been filed, often arising after the post-merger de-SPAC company stumbles following the SPAC merger. In many of these cases, the securities suit plaintiffs often allege that the pre-merger private company made misleading statements about its […]