Pump’s fun lawsuit merged as judges criticize Berwick Act fees

The judge decided to combine two cases against Memecoin Platform Pump’s enjoyment into a single case representing all buyers, while reducing the attorney fees for legal firms Berwick Law and Wolf Popper.

Judge Colleen McMahon filed the order Wednesday. This has integrated the Kendall Carnahan case, representing PNUT token buyers, into the broader scope Diego Aguilar case.

McMahon previously asked the relevant law firms Burwick Law and Wolf Popper to explain why they would need two lawsuits and two lead counsels for legal action against pump fun.

In addition to making it Aguilarv. Baton Corporation Ltd., DBA Pump.Fun In a major case, Judge McMahon also accepted the proposal to make Michael Oka the lead lawyer in the case.

Okafor had it Lost almost $250,000 on various pump fan tokens.

Read more: Pump Fan Tap Prominent Lawyer to Fight Berwick’s Lawsuit

Pump Fun’s legal team Brown Rudnick tried to combat the change in the lawsuit, claiming that Okafor “lacks constitutional and statutory status” and that only the tokens they specifically purchased were to represent.

The judge was awarded attorney’s fees

Rather, Judge McMahon agreed with both Berwick Law and Wolf Popper, acting as lead counsel. She noted how the practice can often inflate lawyer fees, saying it reduces potential awarded lawyer fees that arise from both law firms charging the same amount of work.

“We usually appoint lawyers who are capable securities lawyers (Wolf Poppers are certainly qualified), and those lawyers learn that they need to know about the industry in which the securities were issued,” she said.

“I’m skeptical that this case should be treated differently, Make your cat’s skin different. ”

Judge McMahon also worried about delays in cases and asked the parties to avoid “growth” the schedule. She said, “When you actually control the calendar of securities fraud cases, you like to keep things moving.”

She undertook the Berwick Act until July 22nd and filed an amended Pump Fan lawsuit (requested for 90 days). She then handed the Pump Fun legal team until September 5th to another month to submit a fire or response, and to submit a response to the month and another month.

She warned, “Don’t ask because I haven’t changed these dates.”