Cryptocurrency Securities Class Action Litigation: 2023 Year in Review (Volume 57, Number 7—April 10, 2024)
Author: Joni S. Jacobsen.; Angela M. Liu.; Timothy Spangler.; Vishan J. Patel.
Source: Volume 57, Number 07, April 1 2024 , pp.65-72(8)
Abstract:
After a record-breaking surge in crypto-related securities class action litigation actions in 2022, the number of such actions fell sharply in 2023, likely in part due to the crypto market’s recovery last year. This article examines crypto securities class action litigation trends in 2023 focusing on the types of defendant companies targeted by litigation and the allegations against them, the geographical distribution of cases, the impact of stock or asset price drops, and remaining legal questions that will shape the landscape of crypto litigation in the upcoming year.Keywords: Cryptocurrencies as Securities; Crypto Market Recovery; Jurisdiction of First Filed Cases; SEC v. Ripple Labs, Inc. et al.
Affiliations:
1: Dechert LLP (Chicago); 2: Dechert LLP (Chicago); 3: Dechert LLP (LA); 4: Dechert LLP (NYC).