News & Analysis as of

Class Action Securities and Exchange Commission (SEC) Bitcoin

A class action is a type of legal action where a representative individual or group of individuals can bring a claim on behalf of a larger group or class who share a common legal interest.
Polsinelli

Blockchain+ Bi-Weekly: June 2024 #2

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On June 15, 2023, the Polsinelli Blockchain+ team put out our first Bi-Weekly rundown of some of the key stories in the Web3, blockchain, and crypto ecosystems curated by Polsinelli attorneys navigating the intersections of...more

Akin Gump Strauss Hauer & Feld LLP

CryptoLink - December 2023 Updates

On the one hand, the year ended where it began. The legislation on stabelecoins and market structure that would provide a regulatory framework for digital assets has still not been enacted into law. And Securities and...more

Skadden, Arps, Slate, Meagher & Flom LLP

Inside the Courts – An Update From Skadden Securities Litigators - March 2023

Circuits Split Over Whether Targeting Is Necessary for Seller Liability - Key Points - - While courts have long held that solicitations must be tailored to a particular audience to precipitate statutory seller liability,...more

Goodwin

Biogen Inc. Wins Some, Loses Some, in Delaware Chancery Court Corporate Records Suit

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Biogen Inc. Wins Some, Loses Some, In Delaware Chancery Court Corporate Records Suit; Southern District of Florida Dismisses Securities Fraud Class Action Against Norwegian Cruise Lines Stemming From Alleged Impacts of...more

Polsinelli

Blockchain Litigation Year in Review (Part 1): Lessons From 2019 And What’s Ahead For 2020

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When is a digital asset a security or a commodity? Are SAFTs safe? Does hyping blockchain create an expectation of profit? Is blockchain a trademark, trade secret or neither? Are free tokens tax-free? Who is Satoshi Nakamoto?...more

Perkins Coie

Blockchain Week in Review - January 2020 #4

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Weekly Focus - Replies to Motions for Summary Judgments filed in SEC v. Telegram - Cases Consolidated in Class Action Suit Against iFinex Inc - Bittrex Introduces Insurance Coverage - -Research Report Finds the...more

Alston & Bird

Cryptocurrency Securities Class Action Suits: Paving the Path for U.S. Jurisdiction

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The Tezos case presents a relatively novel application of traditional threshold jurisdictional principles to the new world of digital offerings. Our Securities Litigation Group provides insights for both ICO sponsors and...more

BakerHostetler

Buying Coffee with Bitcoin, Tracking Ships with Blockchain, Fighting Financial Crimes and Litigating ICOs

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In this issue: - - New Solutions Seek to Bring Cryptocurrencies Closer to Mainstream - Blockchain Developments for Shipping, Food, Pharmaceuticals and Diamonds - Cryprocurrency Scams and Enforcement Actions...more

BakerHostetler

The Weekly Privacy Rewind

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Class Actions - Finkly & Sons Co. Faces Illinois Biometric Information Privacy Act Class Action - A former employee of steelmaker A. Finkly & Sons Co. filed a putative class action against the company in Cook County,...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Notwithstanding Lloyd’s assurances that the rumors of his demise are premature, Goldman has cleared the path forward for David Solomon (aka, one of its current co-Presidents, aka, DJ D-Sol) to assume the CEO position when Mr....more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - February 2018 #4

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U.S. Estimates that Cyber Hacks Cost Up to $109 Billion in 20 - The Council for Economic Advisors (CEA) issued a report this month, entitled “The Cost of Malicious Cyber Activity to the U.S. Economy,” which concludes that...more

Polsinelli

Issuers of Tokens Beware: Class Action Lawsuits Are Coming

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Initial Coin Offerings, or ICOs, were an extremely popular way of raising capital in exchange for crypto tokens in 2017 and have led to class action litigation in 2017 and 2018. While ICOs have been around since 2013, they...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Even as JPMorgan has set the playing field for his successor (Daniel Pinto v. Gordon Smith, FYI), head honcho Jamie Dimon is making it clear that he’s not about to go anywhere anytime soon....more

Katten Muchin Rosenman LLP

Bridging the Week - January 2018 #2

FINRA Announces 2018 Examination Priorities; Will Review Role of Firms and Salespersons in Facilitating Cryptocurrency Transactions and ICOs: The Financial Industry Regulatory Authority issued its 2018 Regulatory and...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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More trouble for the embattled British PM Theresa May. We learned yesterday that Britain’s second-largest construction firm—Carillion—was forced into liquidation after amassing a staggering $1.35 billion in debt. The downfall...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Wells Fargo is again in federal regulators’ crosshairs. The OCC has dubbed the bank a repeat offender and is weighing a “formal enforcement action” over “improprieties in its auto-insurance and mortgage operations”....more

Robins Kaplan LLP

Your Daily Dose of Financial News

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A government audit report out yesterday accuses the US Dep’t of Housing and Urban Development of selling more than 100k distressed mortgages over a 7 year period to PE firms and hedge funds without following the proper rules...more

Robins Kaplan LLP

Your daily dose of financial news - The Brief – 7.11.16

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A putative class action filed last week is accusing 25 prominent banks—including Deutsche Bank, Goldman Sachs, and Barclays—of “conspiring to rig the market for securities” sold by the US Treasury in their roles as primary...more

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