Securities
Mar. 5, 2024
Implications beyond crypto industry in securities case
The decision reiterates what the 9th Circuit and the Supreme Court have said about standing requirements, defense attorney Robert D. Weber said.
A federal judge dismissed most of the claims in an amended securities fraud class action over a public offering by a cryptocurrency payments company. The attorney representing underwriters said Monday that the case is important – but not because it involves cryptocurrency.
“It has implications beyond the crypto industry,” said Robert D. Weber, a partner Sheppard Mullin in Century City. “It is just reiterating what the 9th Circuit and the...
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