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  1. July 03, 2023

    Conn. Crypto Suit Nets $3.5M Settlement After 7-Year Fight

    A $3.5 million class-action settlement between crypto investors and a former Cantor Fitzgerald LP executive has earned final approval in Connecticut federal court, along with nearly $2 million for legal fees and expenses to two firms, Susman Godfrey LLP and Izard Kindall & Raabe LLP.

  2. May 12, 2023

    Fees Sought After Post-Verdict $3.5M Crypto Fraud Settlement

    Attorneys who resuscitated a cryptocurrency fraud case from the brink of extinction and scored a $3.5 million post-verdict settlement have asked a Connecticut federal judge for $980,000 in attorney fees, or 28% of the total award, a request they say is a mere sliver of their investment in the case.

  3. February 21, 2023

    Ex-Cantor Exec, Investors Get Initial OK For $3.5M Deal

    A New Haven federal judge has given an initial nod to a $3.5 million deal that would end claims that former Cantor Fitzgerald LP Vice Chairman Stuart Fraser played a role in a scheme to defraud would-be investors in cryptocurrency mining operations.

  4. December 20, 2022

    Ex-Cantor Fitzgerald Exec Inks $3.5M Deal In Crypto Ponzi Suit

    Former Cantor Fitzgerald LP Vice Chairman Stuart Fraser and a class allegedly affected by a cryptomining scheme he was invested in have reached a $3.5 million deal to settle those claims after six years of litigation and after a federal judge recently granted a request for a new trial in the matter.

  5. June 06, 2022

    Conn. Judge Grants Retrial Over Cryptomining Ponzi Scheme

    A Connecticut federal judge has granted a request for a new trial on a securities claim in a cryptocurrency-mining Ponzi scheme lawsuit, saying one of the plaintiffs' claims concerned a product that was indeed an investment contract.

  6. November 08, 2021

    How Hughes Hubbard Set Possible Crypto Precedent

    Attorneys from Hughes Hubbard and Brenner Saltzman secured a Connecticut jury verdict last week that not only released a Cantor Fitzgerald executive from civil liability in a cryptocurrency-mining Ponzi scheme, but also potentially set a federal case law standard on which crypto-connected products do or do not qualify as securities.

  7. November 02, 2021

    Crypto Mining-Linked Products Weren't Securities, Jury Finds

    A series of digital-asset products linked to a cryptocurrency mining operation do not count as securities, a Connecticut jury found Monday in what a defense lawyer called a first-of-its-kind verdict.

  8. April 05, 2021

    Crypto Trial Will Have Limited Plexiglass On Scientist's Advice

    An expected June trial in a class action over an alleged $9 million cryptocurrency Ponzi scheme will take place in a Connecticut federal courtroom almost free of plexiglass, which a judge said "isn't all that protective" against the spread of COVID-19.

  9. May 04, 2020

    Crypto 'Miners' Ponzi Suit To Focus On Liability First At Trial

    Customers in an alleged $9 million cryptocurrency "mining" Ponzi scheme can keep their class certification, but a Connecticut federal judge decided Monday to bifurcate the case and focus on liability first, with damages to be assessed once the question of liability has been settled.

  10. February 10, 2020

    Investor Urges Nixing Cert. In Crypto 'Miners' Ponzi Case

    The last remaining defendant in a lawsuit over an alleged $9 million Ponzi scheme urged a Connecticut federal judge Friday to decertify a class of customers who purchased virtual currency "miners" from the companies at the heart of the claims.