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Published 7 months ago

US judge permits lawsuit claiming NBA Top Shot NFTs are securities

Summary by Ground News
Dapper Labs will have to defend itself against a lawsuit claiming its Top Shot NFTs are securities. A judge declined to dismiss the case on Wednesday. The lawsuit alleges that Top Shot Moments, an NFT collection that features short clips of NBA highlights, are securities that should have been registered with the SEC.
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Channel News AsiaChannel News Asia

US judge permits lawsuit claiming NBA Top Shot NFTs are securities

NEW YORK : The creator of a marketplace for National Basketball Association Top Shot non-fungible tokens must face a lawsuit claiming that the tokens are securities, a U.S. judge ruled on Wednesday.U.S. District Judge Victor Marrero in Manhattan rejected Dapper Labs Inc's bid to dismiss a proposed class a

7 months ago·Singapore
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BloombergBloomberg

BA Top Shot NFT Creator Must Face Lawsuit to Determine Securities Status

The creator of the National Basketball Association’s Top Shot NFTs must face a lawsuit accusing it of selling unregistered securities, marking a new development in a broader fight over how to classify cryptoassets like nonfungible tokens.

7 months ago·United States
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FortuneFortune

Judge rules Dapper Labs can't dodge lawsuit on whether Top Shot NFTs are securities

Top Shot Moments were some of the first NFTs to gain mainstream appeal.

7 months ago·New York, United States
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WTVBWTVB

U.S. judge permits lawsuit claiming NBA Top Shot NFTs are securities

By Jonathan Stempel NEW YORK (Reuters) - The creator of a marketplace for National Basketball Association Top Shot non-fungible tokens must face a lawsuit claiming that the tokens are securities, a U.S. judge ruled on Wednesday. U.S. District Judge Victor Marrero in Manhattan rejected Dapper Labs Inc's bid to dismiss a proposed class action by purchasers of NBA Top Shot Moments, which are digital video clips of NBA game highlights. The lawsu…

7 months ago
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Boston GlobeBoston Globe

NBA Top Shot NFTs are securities, judge says in landmark case - The Boston Globe

The decision appears to be the first addressing whether nonfungible tokens are securities, said US District Judge Victor Marrero.

7 months ago·Boston, United States
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Coin DeskCoin Desk

NBA-Branded 'Top Shot Moments' NFTs May Be Securities, Judge Rules in Dapper Labs Case

"Ultimately, the Court’s conclusion that what Dapper Labs offered was an investment contract under Howey is narrow," the judge wrote.

7 months ago
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