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Albright v. Terraform Labs, Pte. Ltd. et al
Case Number:
1:22-cv-07281
Court:
Nature of Suit:
Racketeer/Corrupt Organization
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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January 10, 2023
Crypto Investor Drops Class Action Over Terraform Stablecoin
A proposed class action against blockchain company Terraform Labs Ltd., registered broker-dealer Jump Trading LLC and others was voluntarily tossed by the suit's investor plaintiff, one month after Jump Trading moved for dismissal.
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December 06, 2022
Jump Trading Wants Out Of Terraform Stablecoin RICO Suit
Registered broker-dealer Jump Trading LLC asked a New York federal judge on Monday to toss a lawsuit against it alleging racketeering involvement with blockchain company Terraform Labs Ltd., saying the investor plaintiff has not adequately shown how Jump or its president were involved in the Racketeer Influenced and Corrupt Organizations Act-related claims.
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November 17, 2022
Terraform Can't Move RICO Suit Over Stablecoin To Calif.
A New York federal judge denied an attempt by blockchain company Terraform Labs to transfer to California a proposed class action over the collapse of its stablecoin and consolidate it with another case, saying the two cases do not involve the same issues and that a transfer would delay the prompt resolution of the current action.
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August 26, 2022
Terraform Labs Hit With RICO Suit Over Stablecoin Collapse
Blockchain company Terraform Labs and its two top executives were hit with a proposed class action for allegedly violating the Racketeer Influenced and Corrupt Organizations Act by artificially inflating the price of the company's stablecoins and publishing misleading information following the cryptocurrency's collapse to cover their tracks in an $80 million money laundering scheme.