Class action lawsuit
Tether requests Roche Freedman to be booted from class action
USDT-issuer Tether wants law firm Roche Freedman “terminated” as counsel from the Bitfinex and Tether class action lawsuit following a motion from Kyle Roche to be removed as counsel in the case. In an Aug. 31 court order request by Elliot Greenfield of Debevoise & Plimpton LLP, the law firm representing Tether and Bitfinex requested that Roche’s law firm be removed from the case entirely and to certify that they’ve returned or destroyed all defendant-issued documents and have not shared them with any third-party, including Ava Labs. The request follows shortly after Roche submitted a Notice of Motion to Withdraw from the Tether class action lawsuit amid ongoing fallout from a recent CryptoLeaks expose, which alleged the U.S. lawyer had a secret pact to “harm” Ava Labs competitor...
Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more
Fallout from the collapse of the Terra ecosystem continues to unfold with the United States-based yield generation application Stablegains facing potential legal action over its losses from the event. Users believe that Stablegain has allegedly lost up to $44 million worth of deposited funds, based on a post on a Terra forum by co-founder Kamil Ryszkowski asking for relief funding. He disclosed that a day before TerraUSD (UST) had lost its peg with the U.S. dollar, its users’ funds totaled over 47.6 million UST from 4,878 depositors. Currently, the price of UST is trading at $0.075, according to data from CoinGecko. A letter from class action law firm Erickson Kramer Osbourne (EKO) sent to Stablegains, dated May 14, demands a record of customer accounts, marketing materials and any co...
Elements Festival Attendees File Class Action Lawsuit Seeking $5 Million In Damages
The organizers of 2021’s ill-fated Elements Festival are facing a class action lawsuit. Rumors of such a suit pervaded social media in the wake of the electronic music festival, which took place in Lakewood, Pennsylvania from September 3-6. After proprietors marketed a “lakefront paradise” experience, the event fell victim to inclement weather precipitated by Hurricane Ida, which led to complex logistical issues and a reported lack of organizational support. According to court documents reviewed by EDM.com, three plaintiffs allege the event’s organizers failed to “properly organize, prepare, and provide ticket purchasers and attendees of the Elements Festival 2021 with the experience Defendants extensively promoted and marketed as being a safe,...
Kanye West Being Sued for Unchristian Treatment of Christian Opera Workers
Kanye West is facing two different class-action lawsuits over the alleged poor treatment of workers on his Christian opera Nebuchadnezzar, as Vice reports. Because while Jesus said, “Sell your possessions and give to the poor, and you will have treasure in heaven.” Yeezus said misclassify your employees as independent contractors, deny them overtime, and keep them waiting months for checks, and you will be a billionaire on Earth. The ill-fated performance of Nebuchadnezzar took place on November 24th at the Hollywood Bowl in Los Angeles. It came on the heels of his execrable album Jesus Is King, and was announced only a week before it bowed. The mess began long before curtain — West put the wrong emperor on his invitations — and afterwards it was panned by critics. The show, such...
