Whistleblower Tips Critical for Regulators Seeking to Minimize Misconduct in Opaque Cryptocurrency Markets 

The crypto space has seen a lot of publicity these days.  The catastrophe which is the FTX bankruptcy highlights the cryptocurrency market’s susceptibility to fraud given its unregulated nature, and the fact that much of it is ostensibly overseas and otherwise opaque in its mechanics.  In the face of this, investors are susceptible to exploitation and losses.  In the case of FTX, investors and creditors are owed billions of dollars according to initial filings in the bankruptcy proceedings.  FTX may be just the start of things.

Co-Managing Partner David Kovel Speaks at 22nd Annual Coalition of Civil Advocates Conference

Co-Managing Partner David Kovel spoke at the 22nd annual Coalition of Civil Advocates conference on Friday, November 11, 2022. The event was an informal plaintiff’s lawyer convention hosted by the Louisiana-based litigation team at Fishman Haygood.

Partner Randall Fox authors an article on NY’s correct treatment of the False Claims Act’s knowledge element, an issue now before the U.S. Supreme Court

KM partner Randall Fox has published an article in Law360 discussing how New York has already decided an issue about the “knowledge” element of the False Claims Act that will be argued next month before the U.S. Supreme Court. In the Sprint case under the New York False Claims Act, New York’s high court ruled in 2015 that the knowledge element depends upon a defendant’s contemporaneous understanding of the applicable rules. In the cases now before the Supreme Court, the defendants are arguing that they can instead rely on interpretations asserted for the first time after the False Claims Act case was filed.