Shaw Lewenz partners Jordan Shaw and Zachary Ludens were recently featured in the Daily Business Review (“DBR”) for their representation of an investor in a federal securities fraud case arising from the collapse of a $1.6 million blockchain investment. The case, filed in the U.S. District Court for the District of Puerto Rico, involves allegations of securities fraud, misrepresentation, and acting as an unregistered broker-dealer.
The lawsuit is centered on claims that the defendant, a self-styled global adviser, known in the media as the “adviser to the Sheikh,” solicited investments without conducting proper due diligence or adhering to the rules governing securities transactions. The plaintiff, Andrew Stranberg, alleged that he was misled about the financial condition of the venture and the defendant’s personal investments.
“Our lawsuit speaks for itself,” Jordan Shaw, Partner and Chair of the Commercial Litigation Practice, told the DBR. “Mr. Stranberg alleges that Mr. Jassim was soliciting investment without regard to the truth or falsity of his representations for the purpose of personal profit.” This case underscores the importance of proper licensing, regulatory compliance, and investor protections in emerging markets such as blockchain and private equity.
The article highlights Shaw Lewenz’s and co-counsel Aaron Resnick’s abilities to handle multi-jurisdictional, complex commercial litigation. The article also emphasizes Shaw Lewenz’s experience navigating high-stakes securities matters.
Shaw Lewenz has built a reputation for representing clients in securities and stockholder disputes, investment fraud claims, partnership disputes, derivative actions, and other high-stakes litigation.