Earlier this week, Pump Fun, a platform for meme coin trading, named Daniel L. Sachs and Kyle P.Dorso from Brown Rudnick as counsel for its parent, Baton Corporation.
The move follows filings made last Thursday and earlier in May. It comes just as Burwick Law has launched a class action accusing Pump Fun of selling unregistered securities and enabling illicit finance.
Legal Heavyweights Join the Fight
Daniel L. Sachs brings a strong background in white collar defence. He once worked for the Securities and Exchange Commission, leading fraud probes.
His track record includes defending Shaquille O’Neal in an NFT securities lawsuit and representing Mark Cuban and the Dallas Mavericks over their support of Voyager Digital.
Kyle P. Dorso is known for commercial litigation and crypto expertise. He helped Atomic Wallet beat claims that it was to blame for a $100 million hack. He has also handled cases on crypto theft and data engineering disputes.
They will work alongside Stephen D. Palley, who chairs Brown Rudnick’s Digital Commerce Group. Palley has defended tech and blockchain clients for years. His cases span proof‑of‑stake developers, crypto exchanges, wallet makers, and NFT investors.
Origins of the Complaint
Burwick Law’s lawsuit charges Pump Fun with extracting millions through highly volatile tokens that meet the legal test for unregistered securities. The firm warns that, without proper safeguards, Pump Fun could aid terrorist financing, drug running, and other cross‑border crime.
Also Read: Pump.fun Founder Calls For Stricter Guardrails On Token Launchpads Following LIBRA Memecoin Fallout
Max Burwick, the founder of Burwick Law and his partner firm, Wolf Popper, are leading the case. They represent Kendall Carnahan and other members of the proposed class. The plaintiffs ask for a jury trial, but no court date has been set yet.
Founders Rush to Secure Counsel
When the suit landed, Pump Fun’s creators, Alon Cohen, Dylan Kerler, Noah Bernhard Hugo Tweedale, found themselves without legal help.
They formally signed on Brown Rudnick as their lawyers on April 7, 2025, just one day before their deadline to answer the complaint. That last‑minute move forced them to seek extra time from the court.
Social Media Crackdown
In a parallel development, social media giant X(Twitter), suspended the Pump.fun account and Cohen’s page. The platform cited a wider crackdown on crypto‑related profiles as its reason. Users of Pump Fun could no longer access updates or support through those channels.
Pump Fun is at the centre of a broader debate over how meme coins are offered and marketed. Platforms like this one let anyone create a token and list it for trading.
Critics say that the model rewards insiders and leaves ordinary investors exposed. Supporters argue that crypto markets flourish when they stay open to innovation.
By adding seasoned lawyers, Pump Fun hopes to show regulators and courts that it takes the allegations seriously.