• The U.S. Supreme Court announced Monday its denial of a petition for a writ of certiorari in Atlantic Trading USA LLC v. BP PLC, which sought the court's review of a U.S. Court of Appeals for the Second Circuit decision that limited the extraterritorial reach of the Commodity Exchange Act.

  • Murphy & McGonigle has once again received both noteworthy firm and multiple lawyers’ recognition in the new edition of Chambers USA, which was recently published.

  • The author examines the decisions in SEC v. Telegram and how they may impact digital token issuers’ use of the Simple Agreement for Future Tokens model for distributing tokens.

    The Southern District of New York has issued two main rulings in SEC v. Telegram—that the offer and sale of Telegram’s cryptocurrency (Grams) involved a "scheme" to distribute securities subject to 1933 Act registration requirements, and that the Court’s preliminary injunction regarding sales or resales of Grams applies to both U.S. and non-U.S. purchasers. Murphy & McGonigle’s Larry Bergmann examines both rulings and weighs the impact they might have on future issuances of digital tokens. Among other things, Bergmann believes that the decisions will make it more difficult for digital token issuers to argue that securities sold to raise capital can be transformed at a later date into "utility" digital assets that are not securities. He also raises the question of whether improvements can be made to an operational cryptocurrency platform to enhance the value of that platform’s tokens.

    To read the entire article, click here.

  • Joseph Facciponti and Elizabeth Del Cid of the Cybersecurity, Cybercrime & Incident Response Practice will be featured speakers on a Thurs., Apr. 9 webinar, “You Transitioned to a Remote-Work Environment. Have Your Cyber and Privacy Policies and Practices Moved with You?”

  • FINRA has issued a Regulatory Notice related to the recent outbreak of coronavirus disease, "Pandemic-Related Business Continuity Planning, Guidance and Regulatory Relief".

  • Elizabeth Lan Davis attorney profile image

    Elizabeth Lan Davis, a shareholder in Murphy & McGonigle’s Washington, DC office, has been selected to the Leadership Council on Legal Diversity (LCLD) 2020 Fellows Program. The program recognizes attorneys with distinguished leadership capacity from diverse  backgrounds. LCLD is comprised of over 320 corporate chief legal officers and law firm managing partners who serve as mentors and leaders dedicated to fostering diversity.