Experience

• • Tether and Bitfinex in the successful dismissal of a class action related to alleged misrepresentations regarding the sufficiency of reserves for Tether tokens.
  • Tether, Bitfinex and related entities in a putative class action asserting Commodities Exchange Act, antitrust and fraud claims based on alleged manipulation of the price of cryptocommodities.
  • The Board of Directors of CBS Corporation in an investigation of sexual harassment allegations against the CEO, senior CBS News personnel, as well as allegations about the corporate culture.
  • Ripple in a ruling against the SEC in the SDNY holding that Ripple’s digital token XRP is not a security or “investment contract” in many circumstances.
  • Tribune Media Company in its lawsuit against Sinclair Broadcast Group in connection with the failed $3.9 billion acquisition of Tribune by Sinclair.
  • D. E. Shaw and Madison Dearborn Partners, as holders of exchangeable notes and other claims against SunEdison in SunEdison’s Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of New York, and in obtaining dismissal of a $300 million avoidance action seeking to claw back transfers made as part of a complex transaction related to the $2.4 billion sale of a renewable energy company.
  • Clayton, Dubilier & Rice, its Fund VI, and the directors of Culligan in a half-billion dollar derivative action brought by Culligan franchise dealers in New York Supreme Court, alleging fraudulent conveyances and breach of fiduciary duty, where Debevoise successfully secured dismissal of all claims.