News with the tag "dapper labs"

It comes four weeks after a federal judge found DraftKings NFTs fell “within the meaning” of the Securities Act and Exchange Act and thus could be securities.

NFTs recorded a 54% drop in sales volume, from over $1 billion in April to $624 million in May.

Dapper Labs’ $4 million settlement deal to conclude a class-action lawsuit against the company maintains that NBA Top Shot nonfungible tokens (NFTs) are not securities, according to CEO Roham Gharegozlou. According to a New York District Court filing on June…

Dapper Labs has entered a $4 million agreement to settle an investor lawsuit that claimed it sold NBA Top Shot Moments NFTs as unregistered securities.

Dapper Labs has made a temporary settlement agreement in the NBA Top Shot NFT lawsuit. The lawsuit was filed in 2021 after a group of investors sued Dapper Labs. They claimed that the NFT company and its CEO, Rohan Gharegozlou, broke federal securities laws. The NFT company has been handling a 3-yea...

Dapper Labs has reached a tentative settlement agreement with a group of investors who sued the non-fungible token (NFT) company and its co-founder and CEO Roham Gharegozlou for allegedly violating federal securities laws.

Dapper Labs, a blockchain technology and digital collectibles company, has reached a favorable settlement in the legal case Friel vs. Dapper Labs, establishing that NBA Top Shot Moments are not securities. The company emphasizes that this significant ruling clarifies the legal status of digital coll...

A recent Fortune Magazine report revealed that Dapper Labs, a prominent non-fungible token (NFT) company, was under investigation by the Securities and Exchange Commission (SEC) until September 2023. The internal agency document obtained by Fortune indicates that the investigation was abruptly close...

The SEC secretly investigated Dapper Labs in September but closed the case in December 2023

Dapper Labs rolled out promotional NFT drops to coincide with Super Bowl as NFL All Day has generated about $10 million since September.