Why is Dapper Labs being sued by a Top Shot collector?

Dapper Labs, the creators of NBA Top Shot, are being sued. But why?

Max Minsker read the recent filing, so you don't have to.

On this weekend episode of the MomentRanks Podcast, Max explains the lawsuit recently filed against Dapper Labs and CEO Roham Gharegozlou, the case law being argued, and why the allegations against NBA Top Shot are misguided.

In the case, the plaintiff alleges that Moments are securities because their value increases with the success of Top Shot (something that collectors may disagree with if they joined in February). Therefore, Dapper Labs should be registered with the Securities and Exchanges Commission, which they are not. The plaintiff is seeking rescissory damages.

Read about the lawsuit on Coindesk: https://www.coindesk.com/dapper-labs-sued-on-allegations-nba-top-shot-moments-are-unregistered-securities

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Hosted by Max Minsker. Follow Max Minsker on Twitter: @MaxMinsker

Follow MomentRanks on Twitter: @MomentRanks

Edited by Christian Hardy: @ByHardy

Music by Soulker.

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