Pump.fun strengthens legal team with fresh hires to fight Burwick lawsuit
The legal battle lawsuit against the memecoin launchpad Pump.fun is heating up, and the firm is gearing up to fight.
According to recent reports, Pump.fun’s parent company, Baton Corporation, has hired several high-profile attorneys to bolster its defense in its ongoing legal battles. The new hires include crypto litigation experts from the international law firm Brown Rudnick, including a former SEC investigator, Daniel L. Sachs.
The move aims to strengthen the firm’s defense team as it battles a series of allegations from Burwick Law, a New York-based firm that launched its legal campaign against the platform earlier this year.
Burwick first served Pump.fun with a class action lawsuit in January, accusing the platform of various forms of misconduct. The firm alleged that the platform’s offerings violate U.S. securities laws, and claimed that it artificially inflates token prices for personal gain, thereby causing significant losses for investors.
A second filing followed shortly after, expanding the case to include the platform’s co-founders, Baton Corporation, and other key figures behind the project. Burwick Law’s CEO also accused Pump.fun of attempting to intimidate and derail the legal process, after several tokens allegedly tied to his family appeared on the platform in a fraudulent fundraising scheme.
The recent suspension of the official X accounts of Pump.fun and its co-founder Alon Cohen reignited Burwick Law’s campaign. The firm posted shortly after the takedown, leveraging speculation that the move may have been linked to the nature of the platform’s services to renew calls for more affected investors to join the class action lawsuit, which now includes over 500 participants.
However, Pump.fun isn’t the only project under Burwick’s legal spotlight. The firm is also leading lawsuits against other similar platforms, including BULLX, DexScreener, GMGN, and more.
You May Also Like
Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council
BlackRock boosts AI and US equity exposure in $185 billion models
