www.womblebonddickinson.com
Open in
urlscan Pro
151.139.128.10
Public Scan
Submitted URL: https://info.womblebonddickinson.com/e/864902/s-ring-true-blockfi-bankruptcy/b2wk6m/2038364379?h=JdJ2E-16pqvImay3BH-2i8nt_K4AP78S-tal...
Effective URL: https://www.womblebonddickinson.com/us/insights/alerts/its-a-wonderful-life-lessons-ring-true-blockfi-bankruptcy
Submission: On November 29 via manual from US — Scanned from DE
Effective URL: https://www.womblebonddickinson.com/us/insights/alerts/its-a-wonderful-life-lessons-ring-true-blockfi-bankruptcy
Submission: On November 29 via manual from US — Scanned from DE
Form analysis
3 forms found in the DOMGET /us/people
<form action="/us/people" method="get" id="views-exposed-form-people-page-1" accept-charset="UTF-8">
<div class="form--inline clearfix">
<div class="js-form-item form-item js-form-type-textfield form-type-textfield js-form-item-title form-item-title">
<label for="edit-title">First name</label>
<input data-drupal-selector="edit-title" type="text" id="edit-title" name="title" value="" size="30" maxlength="128" class="form-text">
</div>
<div class="js-form-item form-item js-form-type-textfield form-type-textfield js-form-item-field-last-name-value form-item-field-last-name-value">
<label for="edit-field-last-name-value">Last name</label>
<input data-drupal-selector="edit-field-last-name-value" type="text" id="edit-field-last-name-value" name="field_last_name_value" value="" size="30" maxlength="128" class="form-text">
</div>
<div class="js-form-item form-item js-form-type-select form-type-select js-form-item-field-related-office-target-id form-item-field-related-office-target-id">
<label for="edit-field-related-office-target-id">Office</label>
<select data-drupal-selector="edit-field-related-office-target-id" id="edit-field-related-office-target-id" name="office" class="form-select select2-widget wbd-processed select2-hidden-accessible" data-jquery-once-autocomplete="true"
data-select2-autocomplete-list-widget="true" tabindex="-1" aria-hidden="true">
<option value="" selected="selected">- Any -</option>
<option value="All US Offices">All US Offices</option>
<option value="All UK Offices">All UK Offices</option>
<option value="267">Atlanta, GA, US</option>
<option value="268">Baltimore, MD, US</option>
<option value="469">Boston, MA, US</option>
<option value="736">Bristol</option>
<option value="456">Charleston, SC, US</option>
<option value="464">Charlotte, NC, US</option>
<option value="457">Charlottesville, VA, US</option>
<option value="458">Columbia, SC, US</option>
<option value="743">Edinburgh</option>
<option value="459">Greensboro, NC, US</option>
<option value="462">Greenville, SC, US</option>
<option value="6194">Houston, TX, US</option>
<option value="11181">Huntsville, AL, US</option>
<option value="4329">Irvine, CA, US </option>
<option value="737">Leeds</option>
<option value="738">London</option>
<option value="4333">Los Angeles, CA, US</option>
<option value="11020">Nashville, TN, US</option>
<option value="10809">New York, NY, US</option>
<option value="10877">Newcastle</option>
<option value="741">Plymouth</option>
<option value="460">Raleigh, NC, US</option>
<option value="466">Research Triangle Park, NC, US</option>
<option value="11030">San Francisco, CA, US</option>
<option value="465">Silicon Valley, CA, US</option>
<option value="742">Southampton</option>
<option value="463">Tysons, VA, US</option>
<option value="468">Washington, D.C., US</option>
<option value="467">Wilmington, DE, US</option>
<option value="461">Winston-Salem, NC, US</option>
</select><span class="select2 select2-container select2-container--default" dir="ltr"><span class="selection"><span class="select2-selection select2-selection--single" role="combobox" aria-haspopup="true" aria-expanded="false" tabindex="0"
aria-labelledby="select2-edit-field-related-office-target-id-container"><span class="select2-selection__rendered" id="select2-edit-field-related-office-target-id-container" title="- Any -">- Any -</span><span
class="select2-selection__arrow" role="presentation"><b role="presentation"></b></span></span></span><span class="dropdown-wrapper" aria-hidden="true"></span></span>
</div>
<div class="js-form-item form-item js-form-type-select form-type-select js-form-item-field-related-sectors-target-id form-item-field-related-sectors-target-id">
<label for="edit-field-related-sectors-target-id">Related sectors</label>
<select data-drupal-selector="edit-field-related-sectors-target-id" id="edit-field-related-sectors-target-id" name="field_related_sectors_target_id" class="form-select select2-widget select2-hidden-accessible wbd-processed"
data-jquery-once-autocomplete="true" data-select2-autocomplete-list-widget="true" tabindex="-1" aria-hidden="true">
<option value="" selected="selected">- Any -</option>
<option value="5190">Acquisition and Disposition of Real Estate Assets for Institutional Investors</option>
<option value="601">Admiralty and Ports</option>
<option value="7824">Aerospace & Defense</option>
<option value="4660">Aerospace, Defense and Government Contracts</option>
<option value="591">Apparel</option>
<option value="598">Aviation</option>
<option value="5253">Building and Construction Products</option>
<option value="8588">Cannabis</option>
<option value="5437">Charities</option>
<option value="566">Chemicals</option>
<option value="11128">Clean Energy and Renewables</option>
<option value="11457">Commodities and Trading</option>
<option value="622">Communications, Technology and Media</option>
<option value="619">Computers and Electronics</option>
<option value="5673">Consumer Finance</option>
<option value="562">Cyber Risk</option>
<option value="5425">Digital Infrastructure and Cloud Solutions</option>
<option value="5172">Economic Incentives for Development</option>
<option value="608">Education</option>
<option value="11130">Energy and Natural Resources</option>
<option value="8258">Financial Services</option>
<option value="556">Fintech and Insurtech</option>
<option value="592">Food and Beverage</option>
<option value="568">Furniture and Home Furnishings</option>
<option value="594">Gaming</option>
<option value="615">Healthcare</option>
<option value="613">Healthcare Systems and Services</option>
<option value="5173">Hospitality Development Management and Franchising</option>
<option value="595">Hospitality and Leisure</option>
<option value="5426">IT Services and Consulting</option>
<option value="5370">Institutional Wealth </option>
<option value="10928">Insurance</option>
<option value="561">Insurance – Regulatory and Transactional</option>
<option value="5277">Investment Funds</option>
<option value="5178">Joint Venture and Agreements Between Developer and Equity Partners</option>
<option value="618">Life Sciences and Pharmaceuticals</option>
<option value="610">Local Government</option>
<option value="600">Logistics</option>
<option value="570">Manufacturing</option>
<option value="11129">Mining and Minerals</option>
<option value="5174">Mixed Use Development</option>
<option value="11127">Mobility and Transportation Technology</option>
<option value="5175">Multi-Family Acquisition Development and Management</option>
<option value="11122">Oil and Gas</option>
<option value="5283">Packaged Goods</option>
<option value="5191">Planned Community Development</option>
<option value="5369">Private Wealth</option>
<option value="611">Public Finance</option>
<option value="612">Public Sector</option>
<option value="602">Rail</option>
<option value="590">Real Estate</option>
<option value="5189">Real Estate Funds and Private REITs</option>
<option value="11125">Regulated Energy Utilities and Markets</option>
<option value="5176">Retail Development Management and Leasing</option>
<option value="10923">Retail and Consumer</option>
<option value="5164">Senior Living and Communities</option>
<option value="603">Smart Cities</option>
<option value="5427">Software</option>
<option value="623">Technology</option>
<option value="5177">Timberland and Agricultural Resources</option>
<option value="604">Transport</option>
<option value="11169">Water and Water Infrastructure</option>
</select><span class="select2 select2-container select2-container--default" dir="ltr"><span class="selection"><span class="select2-selection select2-selection--single" role="combobox" aria-haspopup="true" aria-expanded="false" tabindex="0"
aria-labelledby="select2-edit-field-related-sectors-target-id-container"><span class="select2-selection__rendered" id="select2-edit-field-related-sectors-target-id-container" title="- Any -">- Any -</span><span
class="select2-selection__arrow" role="presentation"><b role="presentation"></b></span></span></span><span class="dropdown-wrapper" aria-hidden="true"></span></span>
</div>
<div class="js-form-item form-item js-form-type-select form-type-select js-form-item-field-related-services-target-id form-item-field-related-services-target-id">
<label for="edit-field-related-services-target-id">Related services</label>
<select data-drupal-selector="edit-field-related-services-target-id" id="edit-field-related-services-target-id" name="field_related_services_target_id" class="form-select select2-widget select2-hidden-accessible wbd-processed"
data-jquery-once-autocomplete="true" data-select2-autocomplete-list-widget="true" tabindex="-1" aria-hidden="true">
<option value="" selected="selected">- Any -</option>
<option value="654">Admiralty and Maritime Disputes and Litigation</option>
<option value="5592">Advertising and Marketing Regulation</option>
<option value="9601">Affordable Housing and Community Development</option>
<option value="5607">Anti-Bribery and Corruption</option>
<option value="655">Antitrust Litigation</option>
<option value="5648">Asset Based Lending</option>
<option value="686">Banking and Finance</option>
<option value="692">Bankruptcy, Restructuring, and Creditors’ Rights</option>
<option value="2589">BullDox</option>
<option value="2587">Case Management Facility</option>
<option value="5620">Class Action Litigation</option>
<option value="628">Commercial</option>
<option value="5608">Commercial Contracts</option>
<option value="6500">Commercial Disputes</option>
<option value="5585">Commercial Finance Litigation</option>
<option value="5559">Competition, Antitrust and Trade Regulations</option>
<option value="5612">Construction Contracting and Procurement</option>
<option value="661">Construction and Engineering Litigation</option>
<option value="662">Consumer Finance Disputes and Litigation</option>
<option value="5630">Contracts, Policies and Procedures</option>
<option value="695">Copyright</option>
<option value="10988">Copyright Litigation</option>
<option value="639">Corporate</option>
<option value="5652">Corporate Governance</option>
<option value="631">Corporate Reorganization</option>
<option value="5654">Corporate Tax</option>
<option value="5593">Development and Construction</option>
<option value="5632">Discrimination and Equal Pay</option>
<option value="684">Dispute Resolution and Litigation</option>
<option value="5838">Drugs, Biologics, and Medical Devices</option>
<option value="10745">EB-5 Practice</option>
<option value="5639">ECommerce</option>
<option value="633">Economic Development</option>
<option value="5854">Educational Institutions Litigation Services</option>
<option value="5633">Employee Benefits</option>
<option value="5590">Employee Benefits Litigation</option>
<option value="644">Employee Defection and Recruitment</option>
<option value="5839">Employee Equity Plans and Incentives</option>
<option value="5634">Employment Disputes</option>
<option value="653">Employment and Pensions</option>
<option value="634">Entity Structures</option>
<option value="5625">Environmental Regulation, Disputes and Litigation</option>
<option value="10412">Environmental, Social and Governance (ESG)</option>
<option value="5597">Equipment Finance</option>
<option value="5655">Equity Capital Markets</option>
<option value="5635">Executive Recruitment and Termination</option>
<option value="5609">Exporting and International Trade</option>
<option value="668">Fiduciary Litigation</option>
<option value="693">Finance: Banking, Restructuring, Insolvency</option>
<option value="5598">Financial Regulatory</option>
<option value="5558">Food and Beverage Regulation and Litigation</option>
<option value="5640">Franchising</option>
<option value="2592">GCSolutions</option>
<option value="10074">Global Business</option>
<option value="5125">Government Contracting and Cross-Border Trade </option>
<option value="5586">Government Enforcement and Investigations</option>
<option value="6619">Graphic Solutions</option>
<option value="670">Healthcare Litigation</option>
<option value="5571">Healthcare Regulatory</option>
<option value="6029">IP Licensing and Transactions</option>
<option value="707">IP, Technology and Data</option>
<option value="10985">ITC Section 337 Litigation</option>
<option value="5085">Impact Business Group</option>
<option value="5641">Information Technology</option>
<option value="671">Inheritance, Fiduciary and Trust Disputes and Litigation</option>
<option value="673">Insurance Litigation</option>
<option value="10978">Intellectual Property Litigation </option>
<option value="674">Internal Investigations</option>
<option value="5627">International Arbitration</option>
<option value="5575">International Development Finance</option>
<option value="675">International and Domestic ADR and Mediation</option>
<option value="5656">Joint Ventures and Collaborations</option>
<option value="5591">Labor Relations</option>
<option value="5595">Land Use and Zoning</option>
<option value="5644">Leasing</option>
<option value="10986">Life Sciences Litigation and Post-Grant Proceedings</option>
<option value="676">Mass Torts Litigation</option>
<option value="2588">Medical and Scientific Solutions</option>
<option value="5657">Mergers and Acquisitions</option>
<option value="9442">Multistate & Local Tax</option>
<option value="5400">Opportunity Zones</option>
<option value="10982">PTAB Trials </option>
<option value="10983">Patent Litigation</option>
<option value="702">Patents - Chemical, Pharma, Biotech</option>
<option value="703">Patents - Electrical Engineering and Software</option>
<option value="9498">Patents - Mechanical</option>
<option value="6895">Patents - Product Design</option>
<option value="5610">Payment Services</option>
<option value="677">Pharmaceutical and Medical Device Litigation</option>
<option value="696">Privacy and Cybersecurity</option>
<option value="5658">Private Equity</option>
<option value="5570">Product Compliance and Regulatory Submissions</option>
<option value="678">Products Litigation and Liability</option>
<option value="5628">Professional Risk Disputes</option>
<option value="2580">Projects, Construction and Infrastructure</option>
<option value="6112">Property Management</option>
<option value="6383">Public Company Advisors Team</option>
<option value="732">Real Estate</option>
<option value="5596">Real Estate Acquisition, Due Diligence and Financing</option>
<option value="5646">Real Estate Finance</option>
<option value="5587">Real Estate Litigation</option>
<option value="10929">Regulatory</option>
<option value="6359">Regulatory Affairs</option>
<option value="5858">Shareholder, Securities and Derivatives Litigation</option>
<option value="10265">Sports and Entertainment Law</option>
<option value="656">Strategy and Appeals</option>
<option value="687">Syndicated Lending</option>
<option value="5683">TCPA Defense Litigation and Compliance</option>
<option value="9792">Title IX and Sexual Misconduct</option>
<option value="10984">Trade Secret Litigation and Counseling</option>
<option value="10987">Trademark Litigation</option>
<option value="5642">Trademarks and Brand Management</option>
<option value="2586">WBD Advance</option>
<option value="11068">Wealth Management</option>
<option value="683">White-Collar Defense, Investigations, and Regulatory Enforcement </option>
<option value="5636">Workforce Reorganizations and Reductions</option>
</select><span class="select2 select2-container select2-container--default" dir="ltr"><span class="selection"><span class="select2-selection select2-selection--single" role="combobox" aria-haspopup="true" aria-expanded="false" tabindex="0"
aria-labelledby="select2-edit-field-related-services-target-id-container"><span class="select2-selection__rendered" id="select2-edit-field-related-services-target-id-container" title="- Any -">- Any -</span><span
class="select2-selection__arrow" role="presentation"><b role="presentation"></b></span></span></span><span class="dropdown-wrapper" aria-hidden="true"></span></span>
</div>
<div class="js-form-item form-item js-form-type-select form-type-select js-form-item-field-job-title-target-id form-item-field-job-title-target-id">
<label for="edit-field-job-title-target-id">Job title</label>
<select data-drupal-selector="edit-field-job-title-target-id" id="edit-field-job-title-target-id" name="field_job_title_target_id" class="form-select select2-widget select2-hidden-accessible wbd-processed" data-jquery-once-autocomplete="true"
data-select2-autocomplete-list-widget="true" tabindex="-1" aria-hidden="true">
<option value="" selected="selected">- Any -</option>
<option value="294">Global Trade Advisor</option>
<option value="133">CEO and Chair</option>
<option value="56">Partner</option>
<option value="90">Of Counsel</option>
<option value="73">Senior Counsel</option>
<option value="215">General Counsel and Chief Legal Officer</option>
<option value="289">Legal Conflicts Counsel</option>
<option value="91">Counsel</option>
<option value="134">Retired</option>
<option value="17">Associate</option>
<option value="282">Chief Recruiting Officer</option>
<option value="262">Attorney at Law</option>
<option value="259">President</option>
<option value="257">Executive Vice President</option>
<option value="258">Senior Vice President</option>
<option value="171">Client Service Director</option>
<option value="192">Director of Graphic Solutions</option>
<option value="199">Director of Medical and Scientific Solutions</option>
<option value="111">Director of Operations</option>
<option value="279">Assistant Business Manager</option>
<option value="105">Land Planner</option>
<option value="103">Litigation Consultant</option>
<option value="100">Litigation Support Manager</option>
<option value="116">Medical Analysis Manager</option>
<option value="137">Medical Language Manager</option>
<option value="93">Patent Agent</option>
<option value="136">Regulatory Scientist</option>
<option value="101">Research Consultant</option>
<option value="177">Science Advisor</option>
<option value="198">Senior Healthcare Consultant</option>
<option value="125">Senior Division Counsel</option>
<option value="99">Senior Nurse Consultant</option>
<option value="268">Senior Nurse Consultant/Life Care Planner</option>
<option value="267">Senior Nurse Consultant/Veterinary Consultant</option>
<option value="92">Staff Attorney</option>
<option value="288">Technical Advisor</option>
</select><span class="select2 select2-container select2-container--default" dir="ltr"><span class="selection"><span class="select2-selection select2-selection--single" role="combobox" aria-haspopup="true" aria-expanded="false" tabindex="0"
aria-labelledby="select2-edit-field-job-title-target-id-container"><span class="select2-selection__rendered" id="select2-edit-field-job-title-target-id-container" title="- Any -">- Any -</span><span class="select2-selection__arrow"
role="presentation"><b role="presentation"></b></span></span></span><span class="dropdown-wrapper" aria-hidden="true"></span></span>
</div>
<div data-drupal-selector="edit-actions" class="form-actions js-form-wrapper form-wrapper" id="edit-actions"><input data-drupal-selector="edit-submit-people" type="submit" id="edit-submit-people" value="Search"
class="button js-form-submit form-submit">
</div>
</div>
</form>
<form novalidate="" action="" role="search" class="span-12 search-strip--form"><label for="site-search" class="search-strip--label">Enter your keywords</label><input type="search" name="site-search" class="search-strip--input" value=""></form>
#
<form action="#">
<div class="form-type-checkbox"><input type="checkbox" id="lang_pop_default" name="lang_pop_default" value="1" class="form-checkbox"><label for="lang_pop_default" class="option">Please make the <span class="new-location">United States</span> my
default location.</label></div>
</form>
Text Content
THIS SITE USES COOKIES TO STORE INFORMATION ON YOUR COMPUTER. We use cookies to enable certain functionality, understand how our website is used and for targeted advertising purposes. These cookies may be read by third parties and other websites you visit. We also share information about your use of our website with our analytics partners. For more information, please see our Cookies Policy.(Opens in a new window) Accept SettingsReject Settings -------------------------------------------------------------------------------- NECESSARY COOKIES Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences. -------------------------------------------------------------------------------- ANALYTICS Analytical cookies help us to improve our website by collecting and reporting information on its usage. AnalyticsOnOff -------------------------------------------------------------------------------- PERFORMANCE We use performance cookies to provide useful functionality on the website. PerformanceOnOff -------------------------------------------------------------------------------- MARKETING We use marketing cookies to help us improve the relevancy of advertising campaigns you receive. The website has functionality to share pages to social media sites. These place cookies which are used to track how many times a page has been shared. MarketingOnOff -------------------------------------------------------------------------------- Close Skip to main content * United States * Select location * United Kingdom * United States PRE HEADER NAV * Careers * About * Contact MAIN NAVIGATION US * Sectors * Energy and Natural Resources * Clean Energy and Renewables * Commodities and Trading * Regulated Energy Utilities and Markets * Water and Water Infrastructure * Mobility and Transportation Technology * Oil and Gas * Mining and Minerals * Financial Services * Affordable Housing and Community Development * Asset Based Lending * Bankruptcy, Restructuring, and Creditors’ Rights * Consumer Finance Disputes and Litigation * Dispute Resolution and Litigation * Employment and Pensions * Equipment Finance * Finance: Banking, Restructuring, Insolvency * Financial Regulatory * Fintech and Insurtech * IP, Technology and Data * Insurance Litigation * Internal Investigations * International Development Finance * Institutional Wealth * Investment Funds * Payment Services * Privacy and Cybersecurity * Public Finance * Real Estate Finance * Real Estate Litigation * Shareholder, Securities and Derivatives Litigation * Syndicated Lending * TCPA Defense Litigation and Compliance * Wealth Management * White-Collar Defense, Investigations, and Regulatory Enforcement * Healthcare * Healthcare Systems and Services * Senior Living and Communities * Insurance * Cyber Risk * Insurance – Regulatory and Transactional * Life Sciences and Pharmaceuticals * Cannabis * Drugs, Biologics, and Medical Devices * Manufacturing * Building and Construction Products * Chemicals * Furniture and Home Furnishings * Aerospace & Defense * Public Sector * Aerospace, Defense and Government Contracts * Education * Government Contracting and Cross-Border Trade * Local Government * Real Estate * Affordable Housing and Community Development * Economic Incentives for Development * Hospitality Development Management and Franchising * Joint Venture and Agreements Between Developer and Equity Partners * Land Use and Zoning * Mixed Use Development * Multi-Family Acquisition Development and Management * Retail Development Management and Leasing * Timberland and Agricultural Resources * Retail and Consumer * Apparel * Food and Beverage * Gaming * Hospitality and Leisure * Packaged Goods * Technology * Communications, Technology and Media * Computers and Electronics * Digital Infrastructure and Cloud Solutions * IT Services and Consulting * Software * Transport * Admiralty and Ports * Aviation * Logistics * Rail * Smart Cities * Transport Infrastructure * Services * Commercial * Commercial Contracts * Exporting and International Trade * Government Contracting and Cross-Border Trade * Corporate * Corporate Governance * Corporate Reorganization * Corporate Tax * EB-5 Practice * Economic Development * Entity Structures * Environmental, Social and Governance (ESG) * Investment Funds * Mergers and Acquisitions * Multistate & Local Tax * Opportunity Zones * Private Equity * Public Company Advisors Team * Sports and Entertainment Law * Dispute Resolution and Litigation * Admiralty and Maritime Disputes and Litigation * Antitrust Litigation * Appellate Litigation * Consumer Finance Disputes and Litigation * Construction and Engineering Litigation * Educational Institutions Litigation Services * Environmental Regulation, Disputes and Litigation * Food and Beverage Regulation and Litigation * Government Contracting and Cross-Border Trade * Healthcare Litigation * Inheritance, Fiduciary and Trust Disputes and Litigation * Insurance Litigation * Internal Investigations * International Arbitration * Mass Torts Litigation * Pharmaceutical and Medical Device Litigation * Privacy and Cybersecurity * Products Litigation and Liability * Professional Risk Disputes * Real Estate Litigation * Shareholder, Securities and Derivatives Litigation * Sports and Entertainment Law * TCPA Defense Litigation and Compliance * White-Collar Defense, Investigations, and Regulatory Enforcement * Employment and Pensions * Contracts, Policies and Procedures * Discrimination and Equal Pay * Employee Benefits Litigation * Employee Benefits * Employee Defection and Recruitment * Employee Equity Plans and Incentives * Employment Disputes * Executive Recruitment and Termination * Labor Relations * Title IX and Sexual Misconduct * Workforce Reorganizations and Reductions * Finance: Banking, Restructuring, Insolvency * Affordable Housing and Community Development * Asset Based Lending * Bankruptcy, Restructuring, and Creditors’ Rights * Consumer Finance Disputes and Litigation * Equipment Finance * Financial Regulatory * International Development Finance * Public Finance * Real Estate Finance * Syndicated Lending * Immigration Solutions * Intellectual Property Litigation * Patent Litigation * PTAB Trials * Trademark Litigation * Copyright Litigation * Trade Secret Litigation and Counseling * ITC Section 337 Litigation * Life Sciences Litigation and Post-Grant Proceedings * IP, Technology and Data * Advertising and Marketing Regulation * Communications, Technology and Media * Copyright * Patents - Product Design * Franchising * Information Technology * IP Licensing and Transactions * Patents - Mechanical * Patents - Chemical, Pharma, Biotech * Patents - Electrical Engineering & Software * Privacy and Cybersecurity * Trademarks and Brand Management * Privacy and Cybersecurity * Projects, Construction and Infrastructure * Construction and Engineering Litigation * Real Estate * Affordable Housing and Community Development * Environmental Regulation, Disputes and Litigation * Land Use and Zoning * Real Estate Acquisition, Due Diligence and Financing * Real Estate Litigation * Regulatory * Advertising and Marketing Regulation * Anti-Bribery and Corruption * Communications, Technology and Media * Food and Beverage Regulation and Litigation * Competition, Antitrust and Trade Regulations * Drugs, Biologics, and Medical Devices * Environmental Regulation, Disputes and Litigation * Franchising * Gaming Law * Government Contracting and Cross-Border Trade * Privacy and Cybersecurity * Regulatory Affairs * TCPA Defense Litigation and Compliance * WBD Advance * BullDox * Case Management Facility * GCSolutions * Graphic Solutions * Impact Business Group * Medical and Scientific Solutions * Regulatory Affairs * Wealth Management * Institutional Wealth * Private Wealth * White-Collar Defense, Investigations, and Regulatory Enforcement * Locations * United Kingdom * Bristol * Edinburgh * Leeds * London * Newcastle * Plymouth * Southampton * United States * Atlanta * Baltimore * Boston * Charleston * Charlotte * Charlottesville * Columbia * Greensboro * Greenville * Houston * Huntsville * Irvine * Los Angeles * Nashville * New York * San Francisco * Silicon Valley * Raleigh * Research Triangle Park * Tysons * Washington, D.C. * Wilmington * Winston-Salem * Insights * All * News & Insights * Upcoming Events * Perspectives * People * Search MM INSIGHTS US * All * News & Insights * Upcoming Events * Perspectives MM LOCATIONS US * United Kingdom * Bristol * Edinburgh * Leeds * London * Newcastle * Plymouth * Southampton * United States * Atlanta * Baltimore * Boston * Charleston * Charlotte * Charlottesville * Columbia * Greensboro * Greenville * Houston * Huntsville * Irvine * Los Angeles * Nashville * New York * San Francisco * Silicon Valley * Raleigh * Research Triangle Park * Tysons * Washington, D.C. * Wilmington * Winston-Salem MM SECTORS US * Energy and Natural Resources * Financial Services * Healthcare * Insurance * Life Sciences and Pharmaceuticals * Manufacturing * Public Sector * Real Estate * Retail and Consumer * Technology * Transport MM SERVICES US * Commercial * Corporate * Dispute Resolution and Litigation * Employment and Pensions * Finance: Banking, Restructuring, Insolvency * Immigration Solutions * Intellectual Property Litigation * IP, Technology and Data * Privacy and Cybersecurity * Projects, Construction and Infrastructure * Real Estate * Regulatory * WBD Advance * Wealth Management * White-Collar Defense, Investigations, and Regulatory Enforcement Close First name Last name Office - Any -All US OfficesAll UK OfficesAtlanta, GA, USBaltimore, MD, USBoston, MA, USBristolCharleston, SC, USCharlotte, NC, USCharlottesville, VA, USColumbia, SC, USEdinburghGreensboro, NC, USGreenville, SC, USHouston, TX, USHuntsville, AL, USIrvine, CA, US LeedsLondonLos Angeles, CA, USNashville, TN, USNew York, NY, USNewcastlePlymouthRaleigh, NC, USResearch Triangle Park, NC, USSan Francisco, CA, USSilicon Valley, CA, USSouthamptonTysons, VA, USWashington, D.C., USWilmington, DE, USWinston-Salem, NC, US- Any - Related sectors - Any -Acquisition and Disposition of Real Estate Assets for Institutional InvestorsAdmiralty and PortsAerospace & DefenseAerospace, Defense and Government ContractsApparelAviationBuilding and Construction ProductsCannabisCharitiesChemicalsClean Energy and RenewablesCommodities and TradingCommunications, Technology and MediaComputers and ElectronicsConsumer FinanceCyber RiskDigital Infrastructure and Cloud SolutionsEconomic Incentives for DevelopmentEducationEnergy and Natural ResourcesFinancial ServicesFintech and InsurtechFood and BeverageFurniture and Home FurnishingsGamingHealthcareHealthcare Systems and ServicesHospitality Development Management and FranchisingHospitality and LeisureIT Services and ConsultingInstitutional Wealth InsuranceInsurance – Regulatory and TransactionalInvestment FundsJoint Venture and Agreements Between Developer and Equity PartnersLife Sciences and PharmaceuticalsLocal GovernmentLogisticsManufacturingMining and MineralsMixed Use DevelopmentMobility and Transportation TechnologyMulti-Family Acquisition Development and ManagementOil and GasPackaged GoodsPlanned Community DevelopmentPrivate WealthPublic FinancePublic SectorRailReal EstateReal Estate Funds and Private REITsRegulated Energy Utilities and MarketsRetail Development Management and LeasingRetail and ConsumerSenior Living and CommunitiesSmart CitiesSoftwareTechnologyTimberland and Agricultural ResourcesTransportWater and Water Infrastructure- Any - Related services - Any -Admiralty and Maritime Disputes and LitigationAdvertising and Marketing RegulationAffordable Housing and Community DevelopmentAnti-Bribery and CorruptionAntitrust LitigationAsset Based LendingBanking and FinanceBankruptcy, Restructuring, and Creditors’ RightsBullDoxCase Management FacilityClass Action LitigationCommercialCommercial ContractsCommercial DisputesCommercial Finance LitigationCompetition, Antitrust and Trade RegulationsConstruction Contracting and ProcurementConstruction and Engineering LitigationConsumer Finance Disputes and LitigationContracts, Policies and ProceduresCopyrightCopyright LitigationCorporateCorporate GovernanceCorporate ReorganizationCorporate TaxDevelopment and ConstructionDiscrimination and Equal PayDispute Resolution and LitigationDrugs, Biologics, and Medical DevicesEB-5 PracticeECommerceEconomic DevelopmentEducational Institutions Litigation ServicesEmployee BenefitsEmployee Benefits LitigationEmployee Defection and RecruitmentEmployee Equity Plans and IncentivesEmployment DisputesEmployment and PensionsEntity StructuresEnvironmental Regulation, Disputes and LitigationEnvironmental, Social and Governance (ESG)Equipment FinanceEquity Capital MarketsExecutive Recruitment and TerminationExporting and International TradeFiduciary LitigationFinance: Banking, Restructuring, InsolvencyFinancial RegulatoryFood and Beverage Regulation and LitigationFranchisingGCSolutionsGlobal BusinessGovernment Contracting and Cross-Border Trade Government Enforcement and InvestigationsGraphic SolutionsHealthcare LitigationHealthcare RegulatoryIP Licensing and TransactionsIP, Technology and DataITC Section 337 LitigationImpact Business GroupInformation TechnologyInheritance, Fiduciary and Trust Disputes and LitigationInsurance LitigationIntellectual Property Litigation Internal InvestigationsInternational ArbitrationInternational Development FinanceInternational and Domestic ADR and MediationJoint Ventures and CollaborationsLabor RelationsLand Use and ZoningLeasingLife Sciences Litigation and Post-Grant ProceedingsMass Torts LitigationMedical and Scientific SolutionsMergers and AcquisitionsMultistate & Local TaxOpportunity ZonesPTAB Trials Patent LitigationPatents - Chemical, Pharma, BiotechPatents - Electrical Engineering and SoftwarePatents - MechanicalPatents - Product DesignPayment ServicesPharmaceutical and Medical Device LitigationPrivacy and CybersecurityPrivate EquityProduct Compliance and Regulatory SubmissionsProducts Litigation and LiabilityProfessional Risk DisputesProjects, Construction and InfrastructureProperty ManagementPublic Company Advisors TeamReal EstateReal Estate Acquisition, Due Diligence and FinancingReal Estate FinanceReal Estate LitigationRegulatoryRegulatory AffairsShareholder, Securities and Derivatives LitigationSports and Entertainment LawStrategy and AppealsSyndicated LendingTCPA Defense Litigation and ComplianceTitle IX and Sexual MisconductTrade Secret Litigation and CounselingTrademark LitigationTrademarks and Brand ManagementWBD AdvanceWealth ManagementWhite-Collar Defense, Investigations, and Regulatory Enforcement Workforce Reorganizations and Reductions- Any - Job title - Any -Global Trade AdvisorCEO and ChairPartnerOf CounselSenior CounselGeneral Counsel and Chief Legal OfficerLegal Conflicts CounselCounselRetiredAssociateChief Recruiting OfficerAttorney at LawPresidentExecutive Vice PresidentSenior Vice PresidentClient Service DirectorDirector of Graphic SolutionsDirector of Medical and Scientific SolutionsDirector of OperationsAssistant Business ManagerLand PlannerLitigation ConsultantLitigation Support ManagerMedical Analysis ManagerMedical Language ManagerPatent AgentRegulatory ScientistResearch ConsultantScience AdvisorSenior Healthcare ConsultantSenior Division CounselSenior Nurse ConsultantSenior Nurse Consultant/Life Care PlannerSenior Nurse Consultant/Veterinary ConsultantStaff AttorneyTechnical Advisor- Any - Enter your keywords Alerts IT’S A WONDERFUL LIFE’S LESSONS RING TRUE IN BLOCKFI BANKRUPTCY Nov 29 2022 • 9 min read * * * * * 1. Home 2. us 3. Insights 4. Alerts 5. It’s A Wonderful Life’s Lessons Ring True in BlockFi Bankruptcy CONTRIBUTORS JONATHAN REID REICH RELATED InsuranceFinancial ServicesFintech and InsurtechTechnology Finance: Banking, Restructuring, InsolvencyInsurance LitigationBankruptcy, Restructuring, and Creditors’ Rights We are heading into the holiday season. It’s a Wonderful Life will be on television. And cryptocurrency bankruptcies will be in the news. Yesterday, BlockFi filed for bankruptcy. What does a seventy year old Frank Capra movie – about a bank run in a small town during the Great Depression – tell us about the latest crypto platform’s liquidity crisis? Will depositors get their money back? Is there any insurance for the creditors? During the run on the bank scene, George Bailey – played by James Stewart – explains the nature of banking to the small town depositors in Bedford Falls. The customers engaged in the bank run are acting rationally: they see lines of customers demanding their money be returned, and they want to get their own money out before the bank runs out of money. But they do not understand the mechanics of fractional reserve banking. As George Bailey explains, the money they deposited into savings accounts at Building & Loan is literally not there to be withdrawn. It is not waiting on a shelf in a little envelope with their name on it. Rather, it gets loaned out, multiple times over, to other people in the town. The deposits are now mortgage loans and auto loans. The rival bank in town (operated by villainous robber baron Mr. Potter) offers $.50 on the dollar to redeem shares in Bailey’s failing Building & Loan. But Bailey’s speech explains how the failure of a bank reverberates far beyond just the shareholders of the bank itself. There is no evidence that anyone deeply involved in crypto trading platforms ever watched It’s a Wonderful Life. BlockFi was a crypto exchange which offered its customers some bank-like services. On Google, it described itself as: > Don't just buy crypto - start earning on it. Open an interest account with up > to 8.6% APY, trade currencies, or borrow money without selling your assets 8.6% annual interest is a lot better than you get depositing your cash in a savings account, or even a certificate of deposit. How could BlockFi pay that interest on a deposit account? Today in the United States Bankruptcy Court for New Jersey, BlockFi’s counsel described the company as the “antithesis” of FTX. Instead, BlockFi’s was described as a company operated and advised by mature experts, with strong internal controls. BlockFi gave its users access to loans in U.S. dollars against crypto holdings. BlockFi users could deposit their cryptocurrency and receive a loan in U.S. dollars. This was useful if you had 1 Bitcoin (which traded between roughly $30,000 and $60,000 during 2021) but you did not want to sell it. Perhaps you thought it would keep going up. Perhaps you didn’t want a taxable event. Perhaps you only needed a few thousand dollars (but did not want to pay credit card interest) or you rented an apartment (and thus could not take out a home equity loan or line of credit). BlockFi also allowed depositors to earn interest on the cryptocurrency in their accounts. Can you see how this relates to George Bailey? BlockFi users could deposit their cryptocurrency and receive a loan in U.S. dollars. And BlockFI was considered very safe. Only 5% of assets deposited with BlockFi, which were in hot wallets (for daily trading), were actively held by BlockFi. Those were insured by Aon. BlockFi’s counsel claimed that, once each day, every customer wallet was balanced against a ledger, and assets in wallets were not comingled and not rehypothecated. BlockFi’s counsel also stated that it intends to file an early motion to allow retail depositors to access their wallets and make withdrawals, if they wish. So that’s good! The crypto deposited with BlockFi was not insured by FDIC or SIPC. Rather, BlockFi described a type of “collateralization” protection. If a borrower wanted to borrow your Bitcoin, they would need to have the same amount of money in their own Bitcoin. If a borrower failed to pay back a loan, their single Bitcoin of collateral would still be on the platform. Except it turns out that the Aon insurance is only a crime policy. It protects against certain types of unlawful theft and fraud, but it’s unlikely to provide broad coverage to depositors. A regulated and insured bank has limits on how many loans they can make, based on how many reserves they have. But what were BlockFi’s “reserves”? That is actually a compound question: (1) how much were the reserves worth in U.S. dollars, and (2) where the reserves in something safe and boring like cash and short dated U.S. Treasuries or in something exciting like a crypto-token? What happens when the value of the collateral of the loans – the Bitcoin – collapsed? Or the value of BlockFi’s reserves? George Bailey could tell you. A regulated and insured bank has limits on how many loans they can make, based on how many reserves they have. But what were BlockFi’s “reserves”? The other 95% of assets deposited with BlockFi were supposedly held and stored by its primary custodian: Gemini (a company started by the Winklevoss twins). Then last week, Gemini suffered at least $485 million in outflows and informed its investors it may declare bankruptcy. Gemini also offered crypto staking; which is a bit like fractional reserve banking. Can you see where this is going? We’ll get back to Gemini, later. Earlier this year, BlockFi was in financial trouble because of its exposure to Three Arrows Capital; a crypto-focused hedge fund which collapsed. Three Arrows had a large position in the failed Luna token. Between May 7 and May 10, 2022, the the Luna token’s collapsed from $82.55 to $.000001, which spread contagion through the industry. BlockFi’s counsel indicated Three Arrows was its 1st or 2nd largest borrower client. BlockFi experienced about $80 million in losses based on its exposure to Three Arrows, and was rescued by FTX in July. The rescue included FTX extending a large line of credit (around $250 million USD worth) and an option to buy BlockFi. People thought FTX had strong financials at the time. Turns out, maybe it didn’t! BlockFi’s line of credit has evaporated with the FTX bankruptcy, and it also appears that much of the line of credit was not in dollars but was instead in FTX’s own FTT tokens (which have rapidly deteriorated in value). About two weeks ago, on Thursday, November 10th, BlockFi halted customer withdrawals, citing the FTX liquidity crisis. It claimed “a lack of clarity” over the status of bankrupt FTX and Alameda Research, required it to halt withdrawals. It also announced then that it was exploring “all options.” FTX filed for bankruptcy the next day. BlockFi immediately became a large creditor of FTX. In yesterday’s bankruptcy filing, BlockFi estimated it has between $1 billion and $10 billion in liabilities, spread across more than 100,000 creditors. It also claims it has slightly around $257 million in cash. Against its assets, BlockFi lists Ankura Trust Company as its largest unsecured creditor, being owed about $729 million. Ankura reportedly provides trustee services for BlockFi’s interest-bearing crypto accounts. Depositors who put their coins into BlockFi to earn interest now have an unsecured claim on the remains of BlockFi. BlockFi also owes FTX US $275 million. This is likely how much it drew against the line of credit FTX extended in July. Reading various court documents from both bankruptcies together, it appears from the First Day Declaration of John J. Ray, III (the new CEO of FTX) that FTX actually loaned BlockFi $250 million worth of FTT tokens, and not actual U.S. dollars. Which would be a very crypto thing to do. But today in Court, BlockFi’s counsel indicated that the loan was in USDC stable coins (which are backed by cash and short-term U.S. Treasuries). That’s a very big difference! But the two court cases will clear up what the loan was actually in. The FTT token gave users of FTX various discounts and incentives; similar to airline miles or grocery store VIP points. Or loyalty points in a casino for using certain types of chips? The more FTT tokens you held in your account, the greater level of discounts, rewards, and interest payments you could get. FTT tokens peaked in price at over $50 each last spring (six months after Bitcoin, Ethereum, and other coins began losing value). Over the last week they have ranged from $1.23 to $1.58. In contrast, USDC has varied less than $.9998 to $1.0005 in the last year. So not very much. If I were very hungry, it would be great to get a $250 million worth of sub-club points. I would be able to get sandwiches for the rest of my life. But I would much rather pay the loan back in worthless sub-club points from a bankrupt store, instead of pay you back in real U.S. dollars. Reading the tea leaves, the crypto world thought that there was a $400 million line of credit secured in July between BlockFi and FTX, but maybe it was like giving BlockFi several hundred million worth of airline miles and sub-club points at a store (FTX) with a multi-billion dollar black hole on its balance sheet? Did FTX give BlockFi $250 million in FTT tokens (which were worth, perhaps, $25-30 each at the time) and now BlockFi owes FTX back $275 million in actual U.S. dollars (while the tokens are now worth less than $1.50)? I don’t think BlockFi can just return the greatly-devalued FTT tokens, but I haven’t seen the loan documents yet! That will be a very good trade, if BlockFi can. But if the transfer was in USDC, which are basically equal to dollars, then that’s a different story. But back to customer deposits and Gemini. Gemini has not filed for bankruptcy. U.S. dollars held in Gemini accounts were often held in major U.S. banks, like J.P. Morgan, State Street Bank and Trust, and others. Those deposits may be eligible for FDIC pass through insurance (subject to any applicable limitations on FDIC insurance and the Gemini user agreement). Gemini’s user agreement discloses a third-party commercial crime and specie insurance policy for digital assets in its custody held in hot wallets. This is probably from Lloyd’s or other London market insurers (or a combination). But the user agreement also states that digital assets are not subject to FDIC or SIPC insurance protections. And at most, it appears from court filings that BlockFi has about $30 million of directors & officers insurance and several million worth of coverage under other policies. Unlike your cash deposits at a regulated bank, digital assets were not insured under FDIC or SIPC type programs. In July, when FTX was the second largest crypto exchange in the world, worth $32 billion, and Sam Bankman Fried was being praised as the “J.P. Morgan of crypto,” any company within his orbit seemed safe enough. Proximity to FTX and Alameda meant proximity to liquidity. He could stop a run on the bank at any small crypto platform, without having to give an impassioned speech like George Bailey did. He just needed a single tweet! Four months later, and the companies within FTX’s orbit are now collapsing. Investors and depositors should not expect that there will be easy access to insurance money to repay them. Unlike your cash deposits at a regulated bank, digital assets were not insured under FDIC or SIPC type programs. The crime and specie policies maintained by these platforms will typically not cover the types of losses being cited in the bankruptcy petitions. Investors or depositors with significant losses should contact a lawyer regarding various options. WOMBLE BOND DICKINSON NEWSLETTER Sign up to receive fresh content delivered to your inbox weekly! RECOMMENDED Alerts MONEY TALKS: CALIFORNIA EXPANDS PAY DISCLOSURE REQUIREMENTS oct 28 2022 Alerts INFLATION REDUCTION ACT GIVES A BOOST TO THE BIOGAS SECTOR oct 06 2022 Alerts SOUTH CAROLINA’S ALPHABET SOUP: ATIS AND FILOTS AFTER SOUTH CAROLINA’S TAX CODE AMENDMENTS sep 21 2022 Alerts DOJ ANNOUNCEMENTS ON CORPORATE CRIMINAL ENFORCEMENT: DEFINING THE CARROTS AND STICKS sep 16 2022 Alerts IT’S A WONDERFUL LIFE’S LESSONS RING TRUE IN BLOCKFI BANKRUPTCY nov 29 2022 Alerts NEW NORTH CAROLINA EXECUTIVE ORDER AIMS TO INCREASE PERCENTAGE ZERO-EMISSION TRUCKS & BUSES PURCHASED IN THE STATE nov 28 2022 Alerts FEDERAL CIRCUIT TO REVIEW DISTRICT OF DELAWARE CHIEF JUDGE’S LITIGATION FUNDING ORDERS nov 18 2022 Alerts THE SPECTACULAR FALL OF FTX: CONSIDERATIONS ABOUT CRYPTO CUSTODY AND INSURANCE nov 11 2022 Alerts FEDERAL TRADE COMMISSION SIGNALS DRAMATIC SHIFT IN ANTITRUST ENFORCEMENT nov 11 2022 Alerts USPTO TO SHORTEN DEADLINE TO RESPOND TO TRADEMARK OFFICE ACTIONS TO THREE (3) MONTHS EFFECTIVE DECEMBER 3, 2022 nov 11 2022 Alerts SEC ADOPTS LONG-AWAITED CLAWBACK RULES nov 04 2022 Alerts DO YOU SELL CE MARKED GOODS IN THE UK? ARE YOU READY FOR THE UPCOMING UKCA MARK DEADLINE? nov 03 2022 Alerts MONEY TALKS: CALIFORNIA EXPANDS PAY DISCLOSURE REQUIREMENTS oct 28 2022 Alerts INFLATION REDUCTION ACT GIVES A BOOST TO THE BIOGAS SECTOR oct 06 2022 Alerts SOUTH CAROLINA’S ALPHABET SOUP: ATIS AND FILOTS AFTER SOUTH CAROLINA’S TAX CODE AMENDMENTS sep 21 2022 Alerts DOJ ANNOUNCEMENTS ON CORPORATE CRIMINAL ENFORCEMENT: DEFINING THE CARROTS AND STICKS sep 16 2022 Alerts IT’S A WONDERFUL LIFE’S LESSONS RING TRUE IN BLOCKFI BANKRUPTCY nov 29 2022 Alerts NEW NORTH CAROLINA EXECUTIVE ORDER AIMS TO INCREASE PERCENTAGE ZERO-EMISSION TRUCKS & BUSES PURCHASED IN THE STATE nov 28 2022 Alerts FEDERAL CIRCUIT TO REVIEW DISTRICT OF DELAWARE CHIEF JUDGE’S LITIGATION FUNDING ORDERS nov 18 2022 Alerts THE SPECTACULAR FALL OF FTX: CONSIDERATIONS ABOUT CRYPTO CUSTODY AND INSURANCE nov 11 2022 Alerts FEDERAL TRADE COMMISSION SIGNALS DRAMATIC SHIFT IN ANTITRUST ENFORCEMENT nov 11 2022 Alerts USPTO TO SHORTEN DEADLINE TO RESPOND TO TRADEMARK OFFICE ACTIONS TO THREE (3) MONTHS EFFECTIVE DECEMBER 3, 2022 nov 11 2022 Alerts SEC ADOPTS LONG-AWAITED CLAWBACK RULES nov 04 2022 Alerts DO YOU SELL CE MARKED GOODS IN THE UK? ARE YOU READY FOR THE UPCOMING UKCA MARK DEADLINE? nov 03 2022 Alerts MONEY TALKS: CALIFORNIA EXPANDS PAY DISCLOSURE REQUIREMENTS oct 28 2022 Alerts INFLATION REDUCTION ACT GIVES A BOOST TO THE BIOGAS SECTOR oct 06 2022 Alerts SOUTH CAROLINA’S ALPHABET SOUP: ATIS AND FILOTS AFTER SOUTH CAROLINA’S TAX CODE AMENDMENTS sep 21 2022 Alerts DOJ ANNOUNCEMENTS ON CORPORATE CRIMINAL ENFORCEMENT: DEFINING THE CARROTS AND STICKS sep 16 2022 * 1 * 2 * 3 FOOTER * Sitemap * Legal Notices * Privacy Policy * Cookies * Accessibility * Vacancies Copyright © 2022. "Womble Bond Dickinson", the “law firm” or the "firm" refers to the network of member firms of Womble Bond Dickinson (International) Limited, consisting of Womble Bond Dickinson (UK) LLP and Womble Bond Dickinson (US) LLP. Each of Womble Bond Dickinson (UK) LLP and Womble Bond Dickinson (US) LLP is a separate legal entity operating as an independent law firm. Womble Bond Dickinson (International) Limited does not practise law. Please see www.womblebonddickinson.com/legal-notices for further details. * Atlanta * Baltimore * Boston * Bristol * Charleston * Charlotte * Charlottesville * Columbia * Edinburgh * Greensboro * Greenville * Houston * Huntsville * Irvine * Leeds * London * Los Angeles * Newcastle * Nashville * New York * Plymouth * Raleigh * Research Triangle Park * San Francisco * Silicon Valley * Southampton * Tysons * Washington, D.C. * Wilmington * Winston-Salem You are switching to the United States This selection will switch the website from presenting information primarily about the United Kingdom to information about the United States. If you would like to switch back, you may use location selection options at the top of the page. Please make the United States my default location. Cancel Go to United States CONTACT Although we would like to hear from you, we cannot represent you until we know that doing so will not create a conflict of interest. Also, we cannot treat unsolicited information as confidential. Accordingly, please do not send us any information about any legal matter until we authorize you to do so. To initiate a possible representation, please call one of our lawyers or staff members. By clicking the “ACCEPT” button, you agree that we may review any information you transmit to us. You recognize that, even if you submit information that you consider confidential in an effort to retain us, our review of that information will not create an obligation on us to keep it confidential and will not preclude us from representing another client directly adverse to you, even in a matter where that information could and will be used against you. Please click the “ACCEPT” button if you understand and accept the foregoing statement and wish to proceed. Cancel Accept