Jeffrey Brown

Jul 2, 2024 | flipboard.com | Jeffrey Brown

The Supreme Court's landmark decision on former President Trump's immunity from some legal prosecution has the potential to transform the powers of …

Nov 21, 2023 | mondaq.com | Jeffrey Brown

In Castaic Studios, LLC v. Wonderland Studios LLC, the California Court of Appeal held that when a property owner only licenses its real property to another, the property owner cannot use California's summary eviction process, unlawful detainer, against the defaulting party. Here, Castaic entered into a written agreement by which it granted Wonderland the "exclusive right to use" certain areas of Castaic's commercial property.

Sep 8, 2023 | jdsupra.com | Andrew Boutros |Jeffrey Brown |Paul Capuano

The Securities and Exchange Commission (“SEC”) issued a cease-and-desist order on August 28, 2023, charging Impact Theory, LLC (“Impact Theory”) with conducting an unregistered offering of crypto asset securities in violation of the Securities Act of 1933 (“Securities Act”).1 Without admitting or denying the SEC’s findings, Impact Theory accepted the order and agreed to pay more than US$6.1 million in civil penalties, disgorgement and prejudgment interest.2 The order marks the first time that...

Aug 23, 2023 | lexology.com | Andrew Boutros |Jeffrey Brown |Vincent Cohen |David Kelley |Anthony E. Kelly |Andrew Levander

IntroductionIn the latest decision evaluating the application of federal securities laws to the digital asset context, Judge Jed S. Rakoff of the United States District Court for the Southern District of New York (“SDNY”) ruled in favor of the Securities and Exchange Commission (“SEC”) on a motion to dismiss in SEC v.

Jul 25, 2023 | jdsupra.com | Andrew Boutros |Jeffrey Brown |Paul Capuano

I. IntroductionOn July 13, 2023, the United States District Court for the Southern District of New York (the “Court”) issued a major ruling in in a closely-followed lawsuit brought by the Securities and Exchange Commission (the “SEC”) against Ripple Labs (“Ripple”) over the securities law status of XRP, Ripple’s native token XRP.1 In sum and substance, the Court held that XRP is not a security when sold to the general public, but is a security when sold to institutional investors. II.