AudienceXpress, Comcast-owned ad buying platform, hires Blockgraph’s Scott Collins, also former AMC Networks and NBCUniversal, as head-U.S. commercial sales and operations ... AccuWeather taps former Digital Turbine President Matt Gillis as chief business officer, newly created role ... Drawbridge Labs, digital content creation platform, establishes new advisory board, and names as founding members: Scott Anderson, visual effects supervisor and filmmaker; Rob DeMillo, SparkLabs Global Ventures partner; Rex Grignon, former Nimble Collective CEO, also ex-DreamWorks Animation; Graham Heavenrich, Cowbelly Studios founder; Tom Porter, former Pixar Animation Studios senior vice president-production strategy; and Galyn Susman, Ibex Studios co-founder, also former Pixar Animation Studios.
Northern Data NY, a high-performance computing company, seeks an order confirming the May 29 arbitration award issued in its favor against Onyx Digital Farms, a blockchain technology developer, said its petition Wednesday (docket 2:24-cv-00772) in U.S. District Court for Northern Alabama. Onyx and Northern Data entered into a hardware sales and purchase agreement in September 2022 and a nonnegotiable promissory note in October 2022 under which Onyx agreed to pay Northern Data $477,660 in exchange for “certain designated hardware,” said the petition. After Onyx failed to pay that amount, Northern Data filed a demand for arbitration Oct. 20, 2023, with the American Arbitration Association, it said. The award that the arbitrator issued May 29 holds that Onyx breached its obligations under the 2022 agreements and orders that Northern Data will recover $477,660 in damages, plus interest and roughly $80,500 in attorneys’ and administrative fees, said the petition. But Onyx has failed to pay any of the amounts due to Northern Data under the award, it said.
The SEC's 3-2 vote Feb. 29 finalizing a new rule to expand the definition of the statutory term “dealer” under the Exchange Act is “unclear in ways that squarely conflict with the statute,” said a complaint Tuesday (docket 4:24-cv-00361) filed by the Crypto Freedom Alliance of Texas and the Blockchain Association in U.S. District Court for Southern New York in Manhattan.
Riveted Games, developer of the online video game CryptoBlades, defrauded investor Tenzor Capital after entering two "simple agreement for future tokens" (SAFT) pacts in August 2021, said Tenzor's complaint Monday (docket 2:24-cv-00955) in U.S. District Court for South Carolina in Charleston.
Data promised to cryptocurrency platform Nemo under an agreement spanning 2013-2020 “was not delivered by XYZ as agreed,” alleged a breach of contract complaint Wednesday (docket 2:24-cv-00737) in U.S. District Court for New Jersey in Newark. The suit names as defendants XYZ Financial Markets, QTrade Capital Partners, Barry Friedman, Llewellyn Jones, Derrick Kaiser, Jeffrey Sassoon and John and Jane Does 1-10. It also names ABC Corps. 1-10 as “fictitious and unknown” defendants.
HyperFund, pitched as a “decentralized finance (DeFi) ecosystem” for cryptocurrency asset market participants, was a $1.7 billion “pyramid and Ponzi scheme,” alleged the SEC in a complaint Monday (docket 1:24-cv-00296) in U.S. District Court for Maryland in Baltimore. Defendants in the lawsuit are Xue Samuel Lee, an Australian national residing in Dubai, and Brenda Chunga, who lived in Severna Park, Maryland, during the relevant period, it said.