DLA Piper secures litigation win for Curve DeFi developer Michael Egorov

DLA Piper secured a significant appellate win for Curve DeFi protocol founder Michael Egorov.

Three venture capital firms sued Egorov in San Francisco Superior Court for securities fraud and trade secret misappropriation. The plaintiffs alleged that Egorov and his company breached an investment agreement to deliver approximately US$150 million of cryptocurrency and company equity.

The DLA Piper team secured dismissal of the lawsuit on personal jurisdiction grounds, and this past week California’s First District Court of Appeals affirmed.

The DLA Piper team was led by Michael Fluhr (San Francisco) and included partners Stan Panikowski (San Diego) and Matt Miller (San Francisco); of counsel Kathy Kizer (San Francisco); and associates Sean Newland (Phoenix) and Eric Hall (Los Angeles).

DLA Piper’s Blockchain & Digital Assets practice routinely advises some of the most well-known players in the industry and has been ranked “Tier 1” by the Legal 500 in the “Crypto” category and is also ranked in Chambers Fintech. More information on our practice can be found at: Blockchain and Digital Assets | DLA Piper. To sign up for our monthly Blockchain & Digital Assets publication here.