DeFi protocol Uniswap and investors avoid suit for fraudulent activity on digital asset exchange

On August 30, 2023, in a case of first impression, the U.S. District Court for the Southern District of New York dismissed in full a putative securities class action against Uniswap Labs, a decentralized finance (“DeFi”) digital asset exchange (“DEX”), Uniswap Foundation (together with Uniswap Labs, “Uniswap”), and Uniswap’s CEO and founder, Hayden Adams, as well as three of the exchange’s venture capital investors, Andreessen Horowitz, Paradigm Operations, and Union Square Ventures….
By: Allen & Overy LLP
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