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Class Action Filed DraftKings Inc for Purchase Acquisition NFTs
Putative class action filed against DraftKings Inc for alleged violations of federal securities laws in US District Court for District of Massachusetts. The class, if certified, includes those who purchased or acquired DraftKings NFTs between August 11, 2021 and present.
Source: natlawreview.com
DraftKings NFTs Class Action – An Attempted Dapper Labs Sequel? | ArentFox Schiff
On March 9, 2023, a putative class action was filed against DraftKings Inc. for alleged violations of federal securities laws in the US District Court for the District of Massachusetts....
Source: jdsupra.com
Can an NFT Be a Security? The Dapper Labs Decision Provides a Cautionary Tale | Seyfarth Shaw LLP
We have previously discussed the thorny intellectual property implications of non-fungible tokens (“NFTs”), units of data stored on a blockchain that signify ownership of a unique...
Source: jdsupra.com
Web3 round-up: best of February 2023 | Reed Smith
Welcome to the first of Reed Smith’s DigiDigest series on all things Metaverse and Web3. These short, monthly updates cut through the noise and put the most talked-about news and...
Source: jdsupra.com
Lebron is a Security, Giannis, and Luka, and Kyrie too? | Seward & Kissel LLP
In February 2021, an NFT for a 13-second video of a Lebron James dunking a basketball sold for $208,000. Because past and present wilt before Lebron’s greatness; because he contains...
Source: jdsupra.com
Layup Or Airball? Court Holds NBA Top Shot NFTs May Be A Security In Friel v. Dapper Labs - Fin Tech
The first quarter of 2023 hasn't started much better for the blockchain and cryptocurrency industry than the fourth quarter of 2022 ended. Last week, in Friel v. Dapper Labs, Inc et al....
Source: mondaq.com
Emojis count as financial advice and have legal consequences, judge rules
Though the word “profit” was not included in NBA Top Shot’s tweets, the emojis used were described as an indication of financial returns.
Source: cointelegraph.com
Layup or Airball? Court Holds NBA Top Shot NFTs May Be a Security in Friel v. Dapper Labs | Venable LLP
The start of 2023 hasn’t gone much better for the blockchain and cryptocurrency industry than the end of 2022 did. In declining to dismiss a case alleging that non-fungible tokens...
New York United States United States District Court Dapper Lab Dapper Lab Flow Blockchain Dapper Labs
Source: jdsupra.com
Suit Alleging NBA 'Top Shot' NFTs Were Securities Survives Motion To Dismiss | Skadden, Arps, Slate, Meagher & Flom LLP
On February 22, 2023, Judge Victor Marrero of the U.S. District Court for the Southern District of New York issued an order in Friel v. Dapper Labs, Inc., denying Dapper Labs and its...
Source: jdsupra.com