Online marketplace challenged for alleged misstatements about NFTs | Eversheds Sutherland (US) LLP

On May 13, 2022, a putative class action was filed in federal court against an online secondary marketplace that sells luxury goods (e.g., sneakers, handbags, and electronics) and, recently, non-fungible tokens (NFTs) that purportedly correspond to physical pairs of collectible sneakers held in the company’s facilities.1 Plaintiffs allege they purchased and sold products on

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