By Alaina Lancaster | May 28, 2020
The agency said the San Jose cryptocurrency firm led an unregistered initial coin offering of its Consumer Activity Tokens.
By Ross Todd | April 30, 2020
"This is new terrain in this litigation, so that is also something to take into account," said U.S. District Judge Richard Seeborg of the Northern District of California in granting preliminary approval to the proposed deal to settle claims brought on behalf of investors who alleged that the initial coin offering on the Tezos blockchain violated U.S. securities laws.
By Leigh Jones | Vanessa Blum | April 17, 2020
Randy Mastro, co-chair of the firm's litigation practice group, describes the growing wave of lawsuits.
By Jacqueline Thomsen | March 24, 2020
The lawsuit alleges that Burr "has acted as a scofflaw in a time of national crisis" over his selling of $1.7 million in stocks as he received private coronavirus briefings.
By Ross Todd | March 20, 2020
The proposed deal, reached after two rounds of mediation, would leave open the question of whether the initial coin offering qualified as a securities offering, which would have required the Tezos backers to file a registration statement with the U.S. Securities and Exchange Commission.
By Perrie Weiner, Aaron Goodman, Ben Turner and Kirby Hsu | March 5, 2020
If the Justices' questioning can be any guide to the Court's forthcoming decision, to the extent disgorgement survives as a remedy available to the SEC, it will likely be severely curtailed.
By John Berry and Elaine Goldenberg | February 28, 2020
While the SEC's civil-penalty remedy is firmly grounded in the statutes, the disgorgement remedy at the heart of the case up for argument on March 3 has a far murkier basis.
By Ross Todd | February 26, 2020
Wednesday's ruling from U.S. District Judge Phyllis Hamilton didn't delve into whether the XRP cryptocurrency meets the definition of a security outlined under federal law, but did find that the class action lawsuits were filed within the applicable time limit.
By Perrie M. Weiner, Edward D. Totino and Aaron T. Goodman | January 28, 2020
Disgorgement has long been one of the Security and Exchange Commission's most powerful enforcement tools.
By Alaina Lancaster | January 15, 2020
If the class action against Ripple Labs proceeds, it would not only threaten to eliminate XRP's utility as a currency, but it would upend and threaten to destroy "the $500 billion XRP market," according to the financial tech company's motion to dismiss.
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