Judge kicked firm off class action against Tether
Firm faces motions in at least four other cases
An upstart litigation boutique that has made a name for itself by taking on crypto firms is on the ropes and at risk of losing its status as counsel in class actions.
Roche Freedman faces the repercussions after a website called Crypto Leaks released recordings of founding partner Kyle Roche boasting of his relationship with blockchain startup Ava Labs and voicing an apparent strategy to target the company’s competitors.
The law firm has faced disqualification motions in at least five cases, four of which are class actions brought by the firm, according to court filings. A judge on Oct. 13 removed the firm as interim lead counsel in a class action that accuses the crypto exchange Bitfinex and Tether of market manipulation.
Ava Labs, meanwhile, is transitioning away from using Roche Freedman as outside counsel, said a person from the company familiar with the matter and who spoke on the...
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