Try our Advanced Search for more refined results
- Law360
- Law360 UK
- Law360 Pulse
- Law360 Employment Authority
- Law360 Tax Authority
- Law360 Insurance Authority
- Law360 Real Estate Authority
- Law360 Healthcare Authority
- Law360 Bankruptcy Authority
- Products
- Lexis®
- Law360 In-Depth
- Law360 Podcasts
- Rankings
- Regional Powerhouses
- Law360's MVPs
- Women in Law Report
- Law360 400
- Diversity Snapshot
- Practice Groups of the Year
- Rising Stars
- Titans of the Plaintiffs Bar
- Sections
- Adv. Search & Platform Tools
- About all sections
- Browse all sections
- Banking
- Bankruptcy
- Class Action
- Competition
- Employment
- Energy
- Expert Analysis
- Insurance
- Intellectual Property
- Product Liability
- Securities
- Beta Tools
- Track docs
- Track attorneys
- Track judges
Audet et al v. Garza et al
Case Number:
3:16-cv-00940
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
-
July 03, 2023
Conn. Crypto Suit Nets $3.5M Settlement After 7-Year Fight
A $3.5 million class-action settlement between crypto investors and a former Cantor Fitzgerald LP executive has earned final approval in Connecticut federal court, along with nearly $2 million for legal fees and expenses to two firms, Susman Godfrey LLP and Izard Kindall & Raabe LLP.
-
May 12, 2023
Fees Sought After Post-Verdict $3.5M Crypto Fraud Settlement
Attorneys who resuscitated a cryptocurrency fraud case from the brink of extinction and scored a $3.5 million post-verdict settlement have asked a Connecticut federal judge for $980,000 in attorney fees, or 28% of the total award, a request they say is a mere sliver of their investment in the case.
-
February 21, 2023
Ex-Cantor Exec, Investors Get Initial OK For $3.5M Deal
A New Haven federal judge has given an initial nod to a $3.5 million deal that would end claims that former Cantor Fitzgerald LP Vice Chairman Stuart Fraser played a role in a scheme to defraud would-be investors in cryptocurrency mining operations.
-
December 20, 2022
Ex-Cantor Fitzgerald Exec Inks $3.5M Deal In Crypto Ponzi Suit
Former Cantor Fitzgerald LP Vice Chairman Stuart Fraser and a class allegedly affected by a cryptomining scheme he was invested in have reached a $3.5 million deal to settle those claims after six years of litigation and after a federal judge recently granted a request for a new trial in the matter.
-
June 06, 2022
Conn. Judge Grants Retrial Over Cryptomining Ponzi Scheme
A Connecticut federal judge has granted a request for a new trial on a securities claim in a cryptocurrency-mining Ponzi scheme lawsuit, saying one of the plaintiffs' claims concerned a product that was indeed an investment contract.
-
November 08, 2021
How Hughes Hubbard Set Possible Crypto Precedent
Attorneys from Hughes Hubbard and Brenner Saltzman secured a Connecticut jury verdict last week that not only released a Cantor Fitzgerald executive from civil liability in a cryptocurrency-mining Ponzi scheme, but also potentially set a federal case law standard on which crypto-connected products do or do not qualify as securities.
-
November 02, 2021
Crypto Mining-Linked Products Weren't Securities, Jury Finds
A series of digital-asset products linked to a cryptocurrency mining operation do not count as securities, a Connecticut jury found Monday in what a defense lawyer called a first-of-its-kind verdict.
-
April 05, 2021
Crypto Trial Will Have Limited Plexiglass On Scientist's Advice
An expected June trial in a class action over an alleged $9 million cryptocurrency Ponzi scheme will take place in a Connecticut federal courtroom almost free of plexiglass, which a judge said "isn't all that protective" against the spread of COVID-19.
-
May 04, 2020
Crypto 'Miners' Ponzi Suit To Focus On Liability First At Trial
Customers in an alleged $9 million cryptocurrency "mining" Ponzi scheme can keep their class certification, but a Connecticut federal judge decided Monday to bifurcate the case and focus on liability first, with damages to be assessed once the question of liability has been settled.
-
February 10, 2020
Investor Urges Nixing Cert. In Crypto 'Miners' Ponzi Case
The last remaining defendant in a lawsuit over an alleged $9 million Ponzi scheme urged a Connecticut federal judge Friday to decertify a class of customers who purchased virtual currency "miners" from the companies at the heart of the claims.