{"id":19906,"date":"2022-06-14T22:28:14","date_gmt":"2022-06-14T22:28:14","guid":{"rendered":"https:\/\/egrowonline.com\/?p=19906"},"modified":"2022-06-14T22:28:14","modified_gmt":"2022-06-14T22:28:14","slug":"crypto-buyer-drops-illicit-tokens-suit-over-cost-burden","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=19906","title":{"rendered":"Crypto Buyer Drops Illicit Tokens Suit Over Cost Burden"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"article-body\" style=\"min-height:275px\">\n<div id=\"teaser\">By Katryna Perera (June 14, 2022,  6:10 PM EDT) &#8212; The lead plaintiff in a class action against online crypto-asset exchange KuCoin has dropped his suit accusing the company of not registering as a securities exchange and broker-dealer while selling unregistered securities, telling a New York federal judge that his counsel determined it would not be worth the effort\u00a0to seek a default judgment.<\/p>\n<p>Lead plaintiff Chase Williams filed his motion for voluntary dismissal without prejudice on Friday. According to the motion, Williams was told by his counsel from Roche Freedman LLP and Selendy &amp; Gay PLLC that it would not be economical to seek a default judgment in the action, given&#8230;<\/p>\n<\/div><\/div>\n<div>\n<h3>Stay ahead of the curve<\/h3>\n<p>In the legal profession, information is the key to success. You have to know what\u2019s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.\n\t\t\t\t\t\t<\/p>\n<p><\/p>\n<ul>\n<li>Access to case data within articles (numbers, filings, courts, nature of suit, and more.)<\/li>\n<li>Access to attached documents such as <strong>briefs, petitions, complaints, decisions, motions, etc.<\/strong><\/li>\n<li>Create custom alerts for specific article and case topics and <a target=\"_blank\" href=\"https:\/\/www.law360.com\/about\" title=\"About Law360\" rel=\"noopener\">so much more!<\/a><\/li>\n<\/ul>\n<p class=\"try-free\">TRY LAW360 <strong>FREE<\/strong> FOR SEVEN DAYS<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.law360.com\/securities\/articles\/1502228\/crypto-buyer-drops-illicit-tokens-suit-over-cost-burden\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Katryna Perera (June 14, 2022, 6:10 PM EDT) &#8212; The lead plaintiff in a class action against online crypto-asset exchange KuCoin has dropped his suit accusing the company of not registering as a securities exchange and broker-dealer while selling unregistered securities, telling a New York federal judge that his counsel determined it would not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[39],"tags":[9002,9001,614,62,293,4886,680,1277],"class_list":["post-19906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ico","tag-burden","tag-buyer","tag-cost","tag-crypto","tag-drops","tag-illicit","tag-suit","tag-tokens"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/11\/law360-stacked.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19906"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19906\/revisions"}],"predecessor-version":[{"id":19907,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19906\/revisions\/19907"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/639"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19906"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}