Baton Corporation, the parent company of the crypto platform Pump Fun, has retained the law firm Brown Rudnick to defend against a lawsuit filed by Burwick Law.
Key Allegations Against Pump Fun
The lawsuit accuses Pump Fun of raising millions by selling unregistered, volatile securities and suggests that the platform may have facilitated terrorist financing, drug trafficking, and other cross-border crimes.
Defense Team of Baton Corporation
The defense team includes:
- **Daniel L. Sachs**: Former SEC investigator specializing in white-collar defense; represented Shaquille O'Neal in an NFT securities case and Mark Cuban’s team in their Voyager dispute.
- **Kyle P. Dorso**: Commercial litigator with extensive experience in crypto; helped Atomic Wallet win dismissal in a $100M hack lawsuit.
- **Stephen D. Palley**: Chair of Brown Rudnick’s Digital Commerce Group; veteran crypto litigation attorney with clients across wallets, NFT investors, DAOs, and exchanges.
This powerful lineup indicates Baton’s intention to mount a strong defense.
Case Status and Next Steps
Legal filings show that the team was officially retained on April 7, 2025, right before initial response deadlines, suggesting a scramble to build legal cover. No trial date has been set yet, and the case remains in the early litigation phase.
The situation surrounding Pump Fun highlights the growing regulatory scrutiny of crypto platforms and the potential legal risks associated with their operations.
