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Early Ethereum Adviser Sues Law Firm for $100 Million Over Mishandled Defense in Extortion Case

The Big Whale

09 Sep 2024 — 1 min read

Steven Nerayoff, early Ethereum adviser, sues law firm Covington & Burling for $100 million.
Nerayoff claims the firm mishandled his defense in a 2019 extortion case.
He alleges Covington lawyer advised him not to turn over evidence to US prosecutors.
Nerayoff gave evidence in June 2022, and charges were dismissed in May 2023.
Covington denies allegations, says lawsuit lacks merit.
Nerayoff seeks $100 million, claiming loss of business and contracts due to indictment.

Summary :
Steven Nerayoff, an early adviser to the Ethereum network, is suing law firm Covington & Burling for $100 million, claiming it mishandled his defense in a 2019 extortion case. Nerayoff alleges that his Covington lawyer advised him not to turn over videos and messages to US prosecutors, which he believes would have shown his dealings were lawful. Nerayoff and an associate were arrested and charged with extortion in September 2019, but the charges were dismissed in May 2023. Nerayoff claims that presenting the evidence earlier could have prevented the case. Covington denies the allegations. Nerayoff's current attorney is seeking at least $100 million in damages. Nerayoff has also filed other lawsuits this year.

Sources :

- CoinTelegraph

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