The legal storm surrounding memecoin launchpad Pump.fun is intensifying. The platform’s parent company, Baton Corporation, has brought in heavyweight legal firepower—including a former SEC investigator—to defend against a growing class action lawsuit.
Pump.fun’s High-Profile Legal Defense
- Hired Brown Rudnick attorneys, including Daniel L. Sachs (ex-SEC)
- Battling Burwick Law, a NY firm leading the class action
- Lawsuit now includes 500+ investors alleging misconduct
What Pump.fun Is Accused Of
Burwick Law claims the platform:
🔹 Violates U.S. securities laws
🔹 Artificially inflates token prices for insider profits
🔹 Targeted Burwick’s CEO with fraudulent token listings
The case expanded to include co-founders and Baton Corp. after initial filings in January.
Why the Lawsuit Just Got Hotter
- Pump.fun’s X account was suspended, fueling speculation
- Burwick claims the platform tried to intimidate plaintiffs
- Similar lawsuits filed against BULLX, DexScreener, GMGN
What’s Next?
With crypto regulations tightening, this case could set a precedent for how memecoin platforms operate under U.S. law.