Description
Private plaintiff sues Dfinity for selling unregistered securities.
Legal Significance
Court is currently deciding whether (i) ICP tokens are considered securities, (ii) the statute of limitations on the claim expired and (iii) Dfinity is considered a “statutory seller.”
Status
Motion to Dismiss
Case No.
3:21-cv-06118
Date Filed
August 9, 2021
Plaintiff
Daniel ValentiHenry Rodriguez
Defendant
Dfinity USA Research LLCDfinity FoundationDominic Williams
Court
USDC Northern District of California
Plaintiff Counsel
Selendy Gay PLLCFreedman Normand Friedland LLPErickson Kramer Osborne LLP
Defendant Counsel
Cravath Swaine & Moore LLPQuinn Emanuel Urquhart & Sullivan LLP
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