- Baton Corp hired Brown Rudnick lawyers Sachs, Dorso & Palley
- Burwick Law alleges Pump Fun sold unregistered, volatile securities
- Legal team includes former SEC investigator Sachs
Who’s Fighting and Why
Baton Corporation, the parent of crypto memecoin platform Pump Fun, has retained Brown Rudnick’s high-profile legal team to defend against a class-action suit filed by Burwick Law .
The lawsuit accuses Pump Fun of raising millions of dollars by selling volatile, unregistered securities, and suggests the platform may have facilitated terrorist financing, drug trafficking and other cross-border crimes .
Meet the Defense Team
- Daniel L. Sachs: Former SEC investigator specializing in white‑collar defense; represented Shaquille O’Neal in an NFT securities case and Mark Cuban’s Mavericks in their Voyager promotion dispute .
- Kyle P. Dorso: Commercial litigator with deep experience in crypto; helped Atomic Wallet win dismissal in a $100M hack lawsuit .
- Stephen D. Palley: Chair of Brown Rudnick’s Digital Commerce Group; veteran crypto litigation attorney with clients across wallets, NFT investors, DAOs, and exchanges .
This powerhouse lineup signals Baton’s intent to mount a vigorous defense .
Case Status & Next Steps
Legal filings show the team was officially retained on April 7, 2025, right before initial response deadlines, suggesting a scramble to build legal cover . No trial date has been set yet, and the case remains in the early litigation phase .
Why It Matters
- A bench of well‑known crypto litigators could make Baton a formidable opponent.
- The suit highlights wider regulatory scrutiny on crypto platforms for selling unregistered securities.
- It also reflects increasing legal wrap around memecoin platforms, signaling a tense future for these ventures.
Read Also:
- Pump Fun Parent Hires Brown Rudnick in Legal Showdown
- PEPE Whale Exits With $3.5M Loss After Binance Deposit
- Lion Group Launches $600M HYPE Treasury Strategy
- BlackRock Buys $640M in Bitcoin as Fidelity, ARK & Bitwise Sell
- Coinbase Payments Launches Instant 24/7 USDC Checkout
Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.
