Class Actions
Representing both defendants and plaintiffs, Dynamis attorneys have prosecuted and defended class actions, class arbitrations, and mass actions involving securities, crypto, or consumer claims against sophisticated companies. Those matters have included claims to recover funds for Madoff’s victims, Theranos’s investors, Ledger’s customers, and users of Coinbase Wallet.
Dynamis attorneys have also defended large companies, executives, and other high-net-worth individuals in consumer and securities class actions, including one class arbitration involving over ten million consumers.
Experience and Results
Participated on team representing Trustee in litigation against domestic and international defendants to recover billions of dollars on behalf of investors defrauded by Madoff. In 2010, Dynamis attorney Constantine Economides joined the litigation team representing Trustee Irving Picard in the efforts to recoup and distribute funds to defrauded investors. Constantine participated in multiple cases involving claims of fraud, fraudulent transfers, and avoidable transfers.
Represented investors in a putative class action to recover funds due to malfeasance by Theranos, Elizabeth Holmes, and Sunny Balwani. Dynamis attorney Constantine Economides was part of the plaintiffs’ team pursuing consumer and securities claims against the defendants, who had made numerous misrepresentations to investors, business partners, consumers, and the government.
Represented large corporate defendant in defending consumer claims brought on behalf of a putative class. Based on the motion to dismiss, the Southern District of New York dismissed all claims against the client.
Currently representing large group of individuals in landmark RICO suit against the crypto exchange Binance that is currently pending in the District of Massachusetts. Binance has hired three major law firms, with more than 10 attorneys filing notices of appearances, to take on Dynamis.
Represented lead plaintiff and class in a nationwide securities fraud class action in the Northern District of Illinois against a publicly traded corporation. As co-lead counsel, a Dynamis attorney secured a $10,500,000 settlement on behalf of the Class for claims arising from the defendant’s restatement of financials.
Represented lead plaintiff and class in a nationwide securities fraud class action in the Southern District of Florida against a publicly-traded corporation. As co-lead counsel, a Dynamis attorney secured a $3,500,000 settlement on behalf of the Class for claims arising from the defendant’s alleged misrepresentations about the effects on the stock price caused by other pending litigations.
Represented national corporation in defending putative class claims in the Southern District of New York. A Dynamis attorney secured a dismissal with prejudice of all claims through two rounds of motions to dismiss.
Represented national corporation in parallel federal action to enjoin claimant in arbitration from seeking to invalidate class waiver in terms. The case remains pending in the Western District of Texas.
Represented national corporation facing putative class claims under consumer protection statutes. The case is on appeal to determine whether the dispute must be arbitrated, with the class waiver enforced.
Representing putative class of consumers who were victimized by data breach relating to crypto hardware wallets. The case is in jurisdictional discovery in the Northern District of California.
Secured highly-favorable resolution in the Western District of Pennsylvania defending an individual and a company in a class-action related to a 2017 Initial Coin Offering. After default judgment had been entered, Dynamis attorney Eric Rosen was retained and he negotiated a highly favorable damages resolution at a small-fraction of the initially demanded sum of money.
Representing investors in a class action accusing the Chinese social media company QTT of securities fraud. The motions to dismiss remain pending in the Southern District of New York.
Filed class action complaint alleging securities fraud against Eqonex Limited, a now defunct crypto company. The Case remains pending in the Southern District of New York.