On June 19, it was reported that Baton Corp, the parent company of the Meme coin platform Pump Fun, has hired a well-known law firm Brown Rudnick to deal with an unregistered securities lawsuit initiated by Burwick Law. The legal team includes former SEC counsel Daniel Sachs, commercial litigation expert Kyle Dorso, and crypto senior attorney Stephen Palley. Burwick alleges that Pump Fun sells highly volatile unregistered securities and lacks compliance measures. The case is at an early stage and no trial date has yet been set.
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Meme coin platform Pump Fun hires a renowned law firm to deal with unregistered securities litigation.
On June 19, it was reported that Baton Corp, the parent company of the Meme coin platform Pump Fun, has hired a well-known law firm Brown Rudnick to deal with an unregistered securities lawsuit initiated by Burwick Law. The legal team includes former SEC counsel Daniel Sachs, commercial litigation expert Kyle Dorso, and crypto senior attorney Stephen Palley. Burwick alleges that Pump Fun sells highly volatile unregistered securities and lacks compliance measures. The case is at an early stage and no trial date has yet been set.