Happy to announce that @HEITNERLEGAL client @BenArmstrongsX, who was sued for allegedly promoting crypto exchange FTX (which we strongly denied), has been voluntarily dismissed from the case without serving an answer or motion for summary judgment.
Huge ruling in the crypto world with a federal judge holding that Ripple's $XRP sales on public exchanges were not offers of securities because purchasers didn't have a reasonable expectation of profit tied to Ripple's efforts.
https://t.co/061jz3QSQk
PICS OF KICKS >> @GutterCatGang IP Lawyer @heitner Showcases His Dope GutterMelo Sneakers!
Find out what he digs about the shoes and more: https://t.co/dbOTtGyRXc
DraftKings has been sued for allegedly selling NFTs as unregistered securities and operating an unregistered securities exchange.
We will see more of these NFT-styled lawsuits filed given the amount of $ lost by purchasers. No one seemed to care when they were cashing in!
Today’s order in the Friel v. Dapper Labs matter – which the Court described as a “close call” – only denied our motion to dismiss the complaint at the case's pleading stage. The judge did not conclude the plaintiffs were right, and it's not a final ruling on the case's merits.
Hermes won its trademark infringement lawsuit vs. creator of the MetaBirkins NFT project.
The jury awarded Hermes $133k in damages and found that the NFTs aren't protected under the 1st Amendment.
I figured this was in the bag for Hermes. What about that Nike v. StockX case..
What do Tom Brady, Stephen Curry, Jimmy Fallon, and Justin Bieber have in common?
They have been named in lawsuits alleging they misled followers into buying NFTs or engaged in deceptive practices by promoting crypto.
This article dives into it all: https://t.co/SByrFoxYV6
Garrison v. SBF, Tom Brady, Gisele Bunchden, Steph Curry, Shaq, Udonis Haslem, David Ortiz, Shohei Ohtani, Naomi Osaka, Kevin O'Leary, Golden State Warriors, et al.
Filed in federal court yesterday:
https://t.co/kmQKMVHSGS
OpenSea, in a new court filing, has asked the court to find that it doesn't have a duty to protect users from phishing scams aimed at stealing #NFTs.
It argues that it is merely a marketplace and there is no special relationship between it and its users.