Technology,
Litigation & Arbitration,
Banking
May 16, 2022
Crypto crash to bring uptick in tech, commodities litigation
“We may well see an uptick in crypto-related litigation, just as we might see securities class actions arising from the drop in the value of tech stocks,” said Benjamin B. Au, a technology litigator at Orrick, Herrington & Sutcliffe LLP in Santa Monica.
Litigation over digital currencies can be resolved under current law despite novel elements that will test its limits, attorneys said Friday in the midst of the biggest cryptocurrency drop in value that has so far wiped out $1 trillion.
“I expect courts will try to use the existing securities fraud framework to understand most of the claims that might arise from the crypto market crash,” said Benjamin B. Au, a technology litigator at Orric...
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