It’s no secret that Ripple Labs Inc., the company behind the prominent cryptocurrency XRP, is caught up in two legal maelstroms that could define its future. The first case involves the United States Securities and Exchange Commission (SEC), which accuses Ripple of an unlawful sale of XRP tokens, perceived as unregistered securities. The second is a class-action lawsuit (originally filed in 2018) by an aggrieved investor, Bradley Sostack, arguing that XRP is a security and should have been registered under relevant laws. Interestingly, yesterday (6 July 2023), John Deaton, a prominent highly-respected attorney closely monitoring the US SEC’s lawsuit against Ripple, shed light on the unexpected legal intricacies binding these two cases.…
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Citing ‘Irreconcilable Differences,’ Trump Lawyer Quits Another Case
Former President Donald Trump’s legal woes go beyond the dozens of states and federal charges against him — he’s having trouble finding qualified lawyers willing to help him wage his various courtroom battles. With his history of ignoring legal advice and bills, it’s not hard to see why. On Friday, attorney Jim Trusty submitted a request to withdraw from Trump’s defamation suit against CNN, citing “irreconcilable differences” with his client. The move came just one week after Trusty and another lawyer, John Rowley, decided to resign from Trump’s legal team in the matter of classified documents he is accused of illegally storing at his Mar-a-Lago resort.…
Woman guilty in ‘calculated’ murder of Toronto lawyer Scott Rosen
Toronto lawyer Scott Rosen was no stranger to heated litigation, representing business clients and acting as counsel in shareholders, real estate and commercial lease disputes for more than 25 years. And while the 52-year-old did not shy away from forceful advocacy, even his most contentious matters stayed courteous and civil. So when an assailant poured phosphoric acid on his head as he descended the stairs to an underground parking lot near his midtown Toronto office on March 28, 2018, Rosen figured it was a random attack by someone who was mentally ill. This, despite the fact the culprit resembled Anh Chiem, whom he was suing on behalf of her former son-in-law.…