US judge permits lawsuit claiming NBA Top Shot NFTs are securities
11 Articles
11 Articles
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…
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
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.
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