Description
Class action suit alleges Binance, it’s CEO and various “Influencers” for promoting, assisting, and/or actively participating in Binance’s offer and sale of unregistered securities.
Legal Significance
This lawsuit contemplates whether Binance sold unregistered securities in the form of BNB, BUSD, other tokens trading on the exchange, Simple Earn, BNB Vault, and staking. As well as whether plaintiff’s are required to arbitrate pursuant to an arbitration provision contained in Binance’s Terms of Service.
Status
Motion to Dismiss
Case No.
1:23-cv-21261
Date Filed
March 31, 2023
Plaintiff
Michael Sizemore
Defendant
Changpeng ZhaoBinance Holdings LimitedBAM Trading Services Inc.BAM Management US Holdings Inc.Binance Holdings (IE) LimitedBinance (Services) Holdings LimitedPaxos Trust Company LLCJimmy ButlerBen Armstrong
Court
USDC Southern District of Florida Miami Division
Plaintiff Counsel
The Moskowitz Law FirmBoies Schiller Flexner LLPMark Migdal & HaydenFishman Haygood LLP
Defendant Counsel
Latham & Watkins LLPWithers LLPLash & Goldberg LLPCarlton Fields PAWinston & Strawn LLPMintz Levin Cohn Ferris Glovsky & Popeo PCDimond Kaplan & Rothstein PAHeitner Legal PLLCMarcus Neiman Rashbaum & Pineiro LLPWilliams & Connolly LLP
Major Filings
Response in Opposition to Motion to Compel Arbitration or Motion to Dismiss Amended Complaint
November 6, 2023
Reply in Further Support of Movants’ Motion to Compel Arbitration or Motion to Dismiss Amended Complaint
December 6, 2023
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