Valenti

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 DANIEL VALENTI, et al., Case No. 21-cv-06118-JD

Plaintiffs,

ORDER RE LEAD COUNSEL

v.

DFINITY USA RESEARCH LLC, et al., Defendants.

This case is a securities fraud class action against defendants Dfinity USA Research LLC; Dfinity Foundation; and individual defendant Dominic Williams, the CEO of Dfinity USA and founder of Dfinity Foundation. Dkt. No. 45 ¶¶ 15-16, 18-19. The operative complaint alleges that defendants did not register Dfinity’s cryptocurrency “ICP tokens” as a security with the U.S. Securities and Exchange Commission (SEC), and “reaped billions of dollars in profits” by unlawfully “selling and promoting these unregistered security tokens to investors, and by transacting in them while in possession of material, non-public information.” Id. ¶¶ 1-4. The complaint presents eight causes of action under Sections 5, 12(a)(1) and 15 of the Securities Act; Section 10(b) of the Exchange Act and corresponding SEC Rule 10b-5; and Sections 20A and 20(a) of the…