Login
Sign Up
Woofun AI reports that U.S. District Court Judge Stefan Underhill revived common law fraud claims against Barry Silbert and Digital Currency Group in the Genesis Yield lawsuit. The ruling amends a February decision, accepting jurisdiction under the Class Action Fairness Act to proceed with state law claims regarding alleged misrepresentations of financial health before Genesis’s 2023 bankruptcy. While federal securities claims continue, consumer protection claims from four states were dismissed, and those from three others were stayed, keeping fraud liability central to the dispute.