In a significant development for the ongoing litigation against Binance, NBA star Jimmy Butler and cryptocurrency influencer Ben Armstrong have agreed to settle claims that they promoted unregistered securities on the Binance platform. This litigation, managed in a federal district court in Miami, has reached its first tranche of settlements. Legal representation for the plaintiffs includes Adam Moskowitz, managing partner at the Moskowitz Law Firm in Coconut Grove, and David Boies, chair of Boies Schiller Flexner in New York. The attorneys have filed motions for preliminary approval of the proposed settlement class, along with the appointment of class representatives and themselves as co-lead class counsel.
Further details on the litigation and settlements can be found in the original article here.