In Friel v. Dapper Labs, Inc., 2023 WL 2162747 (S.D.N.Y. Feb. 22, 2023), the United States District Court for the Southern District of New York, in denying a motion to dismiss a class action Complaint, held that sufficient allegations were made .
On February 22, 2023, Judge Victor Marrero of the U.S. District Court for the Southern District of New York issued an order in Friel v. Dapper Labs, Inc., denying Dapper Labs and its.
A New York federal judge decided Wednesday that the basketball-focused non-fungible tokens known as Top Shot Moments qualify as investment contracts, allowing a proposed class action accusing the creator of the tokens of selling unregistered securities to move forward.
A growing number of athletes, clubs, and sports brands are strengthening their communities of fans through NFTs. Some of the most prominent include the NBA Top Shot, NFL All Day,.
NBA Top Shot gave NFTs a boost. But a year later, early buyers say Dapper Labs was unprepared for demand. Missteps in handing the project derailed the NFTs’ value.