Law Firms
Ex-Boies Schiller lawyer was ousted from new firm in deplorable scheme to keep cryptocurrency fees, suit says
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The former Boies Schiller Flexner partner sued for refusing to leave his new law firm is claiming that his ouster was a pretextual money grab in his own lawsuit filed Tuesday in Miami-Dade County, Florida.
Plaintiff Jason Cyrulnik claims that he was asked to leave the Roche Cyrulnik Freedman law firm in a “deplorable scheme” by Kyle Roche and Devin Freedman to take for themselves his share of the firm.
His share included “an enormously valuable firm asset a fee payable in cryptocurrency by one of the firm’s clients that only days before had suddenly appreciated exponentially to more than $250 million,” according to the March 9 lawsuit.
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Roche Cyrulnik Freedman has sued several crypto projects and is representing others in the growing industry.
On Saturday, the firm sued co-founder Jason Cyrulnik, saying he tried to extort tokens from the firm after being ejected.
The suit said Cyrulnik was a bully and said associates wouldn t work with him.
Roche Cyrulnik Freedman, a top law firm in the cryptocurrency and blockchain space, has sued one of its founding partners, accusing Jason Cyrulnik of trying to seize control of key decisions and bullying other partners.
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As news broke Monday that investment firm Infinity Q Capital Management was gating and liquidating a fund portfolio, its chief investment officer James Velissaris seemed to disappear from the internet.
His LinkedIn profile is now defunct. The Infinity Q website, which now only includes a statement about the situation, said Tuesday that it was undergoing maintenance.
But Velissaris couldn’t vanish from the internet altogether. News articles, his own research, and a defunct version of Infinity Q’s website paint a picture of what led up to his time at the firm.
Late last week, the Securities and Exchange Commission told Infinity Q’s non-executive chairman that it had found evidence that Velissaris had been altering the third-party valuation models for its $1.8 billion Diversified Alpha Fund. The firm said it had independently confirmed this but had not assessed the impact of those changes.
Months Before SEC Investigation, Infinity Q s CIO Touted Strong Performance institutionalinvestor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from institutionalinvestor.com Daily Mail and Mail on Sunday newspapers.