November 15, 2023
Susman Godfrey LLP wants to join two other firms to represent a proposed class of investors in a suit alleging Andreessen Horowitz, a Bain Capital affiliate and other venture capital firms assisted a crypto organization in selling unregistered securities.
October 17, 2023
Andreessen Horowitz, a Bain Capital affiliate and other venture capital firms asked a California federal judge to reconsider his decision to not dismiss a proposed class action claiming they assisted a decentralized crypto organization in selling unregistered securities, arguing that the plaintiffs previously told the court they don't plan to pursue so-called direct liability claims against the firms.
September 21, 2023
A California federal judge refused to dismiss a Bain Capital affiliate and several other venture capital firms from a proposed class action accusing them of participating in a scheme to sell unregistered securities in the form of cryptocurrency, saying the claims are appropriately targeted and were filed in a timely manner.