Pump.fun parent company hires high-profile lawyer to fight Burwick class action lawsuit

Odaily News Pump.fun is hiring top lawyers to fight a Burwick Law lawsuit that accuses the company of illegally raising millions of dollars through the sale of "highly volatile unregistered securities" and a lack of compliance measures that could have led to its involvement in "terrorist financing, drug trafficking, and other transnational crimes."
Max Burwick, founder of Burwick Law, and law firm Wolf Popper are representing Kendall Carnahan and other plaintiffs in a class action lawsuit against Pump.fun. Burwick Law is a crypto-focused law firm that is currently initiating multiple lawsuits and investigations against multiple crypto companies and tokens. Burwick Law alleges that many of the tokens generated on Pump.fun are essentially similar to the "pump and dump" model, and there are unfair manipulations against investors.
In response to the lawsuit, Baton Corporation, the parent company of Pump.fun, has hired several lawyers from the well-known law firm Brown Rudnick to form a defense team, including former SEC investigator Daniel L. Sachs, crypto litigation expert Kyle P. Dorso and senior crypto lawyer Stephen D. Palley. (protos)