In the Headlines
February 26, 2025
Second Circuit Ruling in Favor of Uniswap Labs Empowers Decentralized Platforms
New York Law Journal
Partner Andrew Balthazor, who co-leads the firm's crypto asset disputes team, was quoted in a New York Law Journal about the recent U.S. Court of Appeals for the Second Circuit ruling in favor of Uniswap Labs that has significant implications for decentralized finance (DeFi) platforms. The court's decision largely affirmed the dismissal of a class action lawsuit against Uniswap Labs, finding the platform itself cannot be held liable for the fraudulent actions of third parties using its decentralized protocol. Mr. Balthazor highlighted that the ruling provides valuable guidance for lawyers advising clients in this space.
"The ruling provides some clarity for attorneys who want to advise clients interested in creating software tools that permit people to engage in potential securities transactions without necessarily triggering liability for the developers," he said.
READ: Second Circuit Ruling in Favor of Uniswap Labs Empowers Decentralized Platforms (Subscription required)
"The ruling provides some clarity for attorneys who want to advise clients interested in creating software tools that permit people to engage in potential securities transactions without necessarily triggering liability for the developers," he said.
READ: Second Circuit Ruling in Favor of Uniswap Labs Empowers Decentralized Platforms (Subscription required)