Kobre & Kim has successfully secured the dismissal of the SEC’s lawsuit against Cumberland DRW LLC, marking a significant victory in the evolving regulatory landscape for digital assets. “After six years of investigation and litigation, we are thrilled for our client Cumberland DRW that the SEC dismissed the case against it with prejudice,” said Kobre & Kim’s Jonathan Cogan. “The SEC’s lawsuit against it was unfounded and profoundly unfair. Cumberland can now devote its attention to continuing to be a market leader in the digital asset space.” The Cumberland DRW trial team also included Michael S. Kim, Evelyn Baltodano-Sheehan, Sydney Johnson, Jeremy Bressman, Geoff Derrick, and Brandon Bias. More after the jump: https://lnkd.in/eY75G6hJ
Senior Managing Director at FTI Consulting | Former Federal Prosecutor, SEC Enforcement Attorney, and Financial Services In-House Counsel
1wCongrats Jonathan and the Kobre & Kim team!