Description
A class action suit against Lido DAO alleges that Lido's LDO token is an unregistered security and claims that Lido DAO is liable for the plaintiffs' losses due to the token's price decline.
Legal Significance
Is Lido’s LDO token an unregistered security?
Status
Motion to Dismiss
Case No.
3:23-cv-06492
Date Filed
December 17, 2023
Plaintiff
Andrew Samuels
Defendant
Lido DAOAH Capital Management LLC dba Andreessen HorowitzParadigm Operations LPDragonfly Digital Management LLCRobot Ventures LP
Court
USDC Northern District of California San Francisco Division
Plaintiff Counsel
Gerstein Harrow LLPFairmark Partners LLP
Defendant Counsel
Latham & Watkins LLPSkadden Arps Slate Meagher & Flom LLPLondon & Stout P.C.Morrison Cohen LLPBrown Rudnick LLP
Major Filings
Related Developments
Blockchain Association v. SEC
Blockchain Association v. SEC
Motion to Dismiss
CFTC v. Ooki DAO
CFTC v. Ooki DAO
Settled
Consensys Software Inc. v. SEC
Consensys Software Inc. v. SEC
Motion to Dismiss
Cress v. Nexo Financial LLC
Cress v. Nexo Financial LLC
Motion to Dismiss
Crypto Freedom Alliance v. SEC
Crypto Freedom Alliance v. SEC
Motion to Dismiss
Houghton v. Leshner
Houghton v. Leshner
Motion to Dismiss
Jeong v. Next Financial (Nexo Class Action)
Jeong v. Next Financial (Nexo Class Action)
Dismissed
Johnson v. Maker Ecosystem Growth Holdings (Maker Foundation Class Action)
Johnson v. Maker Ecosystem Growth Holdings (Maker Foundation Class Action)
Settled
Kent v. PoolTogether
Kent v. PoolTogether
Dismissed
Moeller-Bertram v. Gemini
Moeller-Bertram v. Gemini
Dismissed
Parks v. Bitconnect
Parks v. Bitconnect
Settled
PleasrDAO v. Shkreli
PleasrDAO v. Shkreli
Complaint Filed
Roberts v. Ehrlich
Roberts v. Ehrlich
Settled
Samuels v. Lido
Samuels v. Lido
Motion to Dismiss
SEC Rule 3a5-4
SEC Rule 3a5-4
Complaint Filed
SEC v. BarnBridge DAO
SEC v. BarnBridge DAO
Settled
SEC v. Binance
SEC v. Binance
Motion to Dismiss
SEC v. BitConnect
SEC v. BitConnect
Complaint Filed
SEC v. Coinbase
SEC v. Coinbase
Appeal
SEC v. Gemini
SEC v. Gemini
Complaint Filed
SEC v. Linus Financial
SEC v. Linus Financial
Settled
SEC v. Schueler
SEC v. Schueler
Motion to Dismiss
SEC v. ShapeShift
SEC v. ShapeShift
Settled
Thomson vs. Persistance Technologies
Thomson vs. Persistance Technologies
Complaint Filed
Tornado Cash v. Department of Treasury
Tornado Cash v. Department of Treasury
Settled
Van Loon v. TREA
Van Loon v. TREA
Appeal