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Email On April 16, 2021, in In re Bibox Group Holdings Ltd. Securities Litigation, Judge Denise Cote of the U.S. District Court for the Southern District of New York dismissed a putative class action alleging registration violations under securities laws against a cryptocurrency issuer and exchange, holding that the plaintiff lacked standing to assert class claims based on crypto-assets he did not purchase and did not timely file suit. https://www.cadwalader.com/resources/clients-friends-memos/securities-litigation-update-southern-district-of-new-york-dismisses-putative-securities-class-action-alleging-sale-of-unregistered-cryptocurrency-but-risk-remains-for-crypto-issuers-and-exchanges