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Showing posts with the label legal questions

Pump Fun judge questions Burwick Law's need for two lawsuits

Pump Fun lawsuit judge Colleen McMahon says she “doesn’t understand” why legal firms Burwick Law and Wolf Popper have jointly filed two similar lawsuits against the memecoin platform. In an order submitted by Judge McMahon yesterday, she requested that Burwick Law explain by Friday why there are two filed lawsuits and why they can’t be combined.  She highlights how both lawsuits feature the same defendants, were filed by the same law firm (two weeks apart), and involve the same allegations against Pump Fun — that it sold unregistered securities in the form of memecoins .  McMahon said, “While the Aguilar complaint, which was the second filed action, is more detailed than the Carnahan complaint, it looks at first blush like both lawsuits are seeking the same relief for the same alleged violation of the 1933 Securities Act.”  Pump Fun taps high-profile lawyers to battle Burwick lawsuit Read more: Burwick Law founder likely behind Pump Fun memec...