SINGH v. ILLUSORY SYSTEMS, INC.

C.A. No. 23-183-JLH.

727 F.Supp.3d 500 (2024)

Mannu SINGH and Iagon AS, on behalf of themselves and others similarly situated, Plaintiffs, v. ILLUSORY SYSTEMS, INC.; Archetype Crypto II, LLC; Ethereal Ventures I Partners L.P.; ConsenSys Mesh; Connext Labs, Inc.; Coinbase, Inc.; Ozone Networks, Inc.; Polychain Alchemy, LLC; Circle Internet Financial, LLC, Defendants.

United States District Court, D. Delaware.

Signed March 29, 2024.


Attorney(s) appearing for the Case

Denise Seastone Kraft, Dominick T. Gattuso, Kurt M. Heyman, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE, Marisa R. De Feo, Michelle Streifthau-Livizos, Saul Ewing Arnstein & Lehr LLP, Wilmington, DE, Jamie Crooks, Pro Hac Vice, New York, NY, Jason Harrow, Pro Hac Vice, Cambridge, MA, Mike Lieberman, Pro Hac Vice, Neil K. Sawhney, Pro Hac Vice, Charles Gerstein, Pro Hac Vice, Deepak Gupta, Pro Hac Vice, Emily Gerrick, Pro Hac Vice, for Plaintiffs.

Anne Shea Gaza, Robert M. Vrana, Young, Conaway, Stargatt & Taylor LLP, Wilmington, DE, Lauren Kessler, Pro Hac Vice, San Francisco, CA, Douglas H. Meal, Pro Hac Vice, Orrick, Herrington, and Sutcliffe LLP, Boston, MA, Ben Au, Pro Hac Vice, Melissa Levin, Pro Hac Vice, for Defendant Illusory Systems, Inc.

Bethany Lobo, Pro Hac Vice, San Francisco, CA, Rebecca Tarneja, Pro Hac Vice, Los Angeles, CA, Karen Elizabeth Keller, Shaw Keller LLP, Wilmington, DE, for Defendant Archetype Crypto II, LLC.

Gregory Mortenson, Pro Hac Vice, Serrin Turner, Pro Hac Vice, New York, NY, Jeffrey L. Moyer, Jessica Blau, Nathalie Anne Freeman, Richards, Layton & Finger, PA, Wilmington, DE, Jack McNeily, Pro Hac Vice, for Defendant Connext Labs, Inc.

Jennifer L. Cree, Rebecca Lyn Butcher, Landis Rath & Cobb LLP, Wilmington, DE, Andrew Soukup, Pro Hac Vice, Washington, DC, Valerie L. Hletko, Pro Hac Vice, New York, NY, Dillon H. Grimm, Pro Hac Vice, for Defendant Ozone Networks, Inc.

Anthony Michael Calvano, Adam Dylan Gold, Ross Aronstam & Moritz LLP, Wilmington, DE, Felipe Corredor, Pro Hac Vice, Mark R. Conrad, Pro Hac Vice, Cambridge, MA, for Defendant Coinbase, Inc.

Thomas Parker Will, William M. Lafferty, Rachel R. Tunney, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE, Jared Gerber, Pro Hac Vice, Samuel LeVander, Pro Hac Vice, New York, NY, Roger A. Cooper, Pro Hac Vice, for Defendant Polychain Alchemy, LLC.

Colleen Bal, Pro Hac Vice, Joshua A. Baskin, Pro Hac Vice, San Francisco, CA, Ian Robert Liston, Jessica A. Hartwell, Wilson Sonsini Goodrich & Rosati PC, Wilmington, DE, John P. Flynn, Pro Hac Vice, South Royalton, VT, for Defendant Circle Internet Financial, LLC.

Christopher Fitzpatrick Cannataro, Eric Veres, Abrams & Bayliss LLP, Wilmington, DE, Michael A. Barlow, Quinn Emanuel Urquhart & Sullivan, LLP, Wilmington, DE, Gregory N. Wolfe, Pro Hac Vice, New York, NY, Tibor L. Nagy Jr., Pro Hac Vice, New Haven, CT, Matthew D. Gauthier, Pro Hac Vice, for Defendants Ethereal Ventures I Partners L.P., Consensys Mesh.


MEMORANDUM ORDER

Pending before the Court are four motions to dismiss Plaintiffs Mannu Singh and Iagon AS's First Amended Complaint (the "Complaint") under Rule 12(b)(6), as follows: (1) Defendant Illusory Systems, Inc. ("Illusory", and D.I. 56, "Illusory's Motion...

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