Antitrust Plaintiffs' Notice of Supplemental Authority (Tether and Bitfinex) — In re January 2021 Short Squeeze Trading Litigation (Dkt. 429, S.D. Fla.)

Summary

Antitrust Plaintiffs' Notice of Supplemental Authority in Support of Opposition to Defendants' Motion to Dismiss the Complaint in In re: January 2021 Short Squeeze Trading Litigation, Case 1:21-md-02989-CMA (Case No. 21-2989-MDL-ALTONAGA/Torres, Document 429, 3 pages), in the U.S. District Court for the Southern District of Florida, entered October 22, 2021, relating to All Antitrust Actions. The notice supplements the Opposition [ECF No. 413] with the September 28, 2021 Opinion and Order of District Court Judge Katherine Polk Failla in In re Tether and Bitfinex Crypto Asset Litigation (Exhibit A). That order found that plaintiffs sufficiently pled an antitrust conspiracy to manipulate prices in the cryptocommodity market, and the notice points to its part titled Plaintiffs Adequately Allege an Antitrust Injury.

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UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA

CASE NO. 21-2989-MDL-ALTONAGA/Torres

IN RE:

JANUARY 2021 SHORT SQUEEZE
TRADING LITIGATION
____________________________________/

This Document Relates to:

ALL ANTITRUST ACTIONS

ANTITRUST PLAINTIFFS’ NOTICE OF SUPPLEMENTAL AUTHORITY IN
SUPPORT OF OPPOSITION TO DEFENDANTS’ MOTION TO DISMISS THE
COMPLAINT

Case 1:21-md-02989-CMA   Document 429   Entered on FLSD Docket 10/22/2021   Page 1 of 3

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Consistent with the requirements for filing supplemental authority before courts in the
Southern District of Florida, Minus v. Miami-Dade Cty., 19-cv-25113-BLOOM/Louis, 2021 WL
1185683, at *1 (S.D. Fla. Mar. 26, 2021) (quoting Girard v. Aztec RV Resort Inc., No. 10-62298-
CIV, 2011 WL 4345443, at *2 (S.D. Fla. Sept. 16, 2011)), the Antitrust Plaintiffs direct the
Court’s attention to new legal authority in support of Antitrust Plaintiffs’ Opposition to
Defendants’ Motion to Dismiss the Complaint [ECF No. 413] (the “Opposition”).

The Antitrust Plaintiffs filed the Opposition on September 21, 2021. Subsequently, on
September 28, 2021, District Court Judge Katherine Polk Failla issued an Opinion and Order in
In re Tether and Bitfinex Crypto Asset Litigation, 19 Civ. 9236 (S.D.N.Y.) granting in part and
denying in part defendants’ motions to dismiss, finding, inter alia, that plaintiffs sufficiently pled
an antitrust conspiracy alleging that defendants, including issuers of a crypto-asset and operators
of crypto-exchanges, conspired to manipulate prices in the cryptocommodity market. A copy of
Judge Failla’s Opinion and Order is attached hereto as Exhibit A.1

In particular, the Antitrust Plaintiffs direct the Court’s attention to Part B.2.a.i. of the
Opinion and Order titled “Plaintiffs Adequately Allege an Antitrust Injury” at pages 46-50 and
footnote 30 therein (see also Opposition at 31-32 (“Plaintiffs’ Claims Are a Paradigmatic Antitrust
Injury”)); and to Part B.2.b.iii of the Opinion and Order titled “Plaintiffs Adequately Allege That
Defendants Conspired to Restrain Trade in Violation of Sections 1 and 3 of the Sherman Act” at
pages 65-73 and footnote 35 therein (see also Opposition at 4-21 (“Plaintiffs Plead a Plausible
Conspiracy in Violation of § 1 of the Sherman Act”)).

1 Judge Failla’s Opinion and Order is also available electronically. In re Tether and Bitfinex
Crypto Asset Litig., No. 19 Civ. 9236 (KPF), 2021 WL 4452181 (S.D.N.Y. Sep. 28, 2021).
Case 1:21-md-02989-CMA   Document 429   Entered on FLSD Docket 10/22/2021   Page 2 of 3

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Dated: October 22, 2021

Respectfully submitted,
By:

/s/ Joseph R. Saveri

Joseph R. Saveri

By:
/s/ Frank R. Schirripa
Frank R. Schirripa
Joseph R. Saveri (CA SBN 130064)
Steven N. Williams (CA SBN 175489)
Christopher K.L. Young (CA SBN 318371)
Anupama K. Reddy (CA SBN 324873)
JOSEPH SAVERI LAW FIRM, LLP
601 California Street, Suite 1000
San Francisco, California 94108
Telephone:  (415) 500-6800
Facsimile:   (415) 395-9940
jsaveri@saverilawfirm.com
swilliams@saverilawfirm.com
cyoung@saverilawfirm.com
areddy@saverilawfirm.com

Frank R. Schirripa (NY SBN 4103750)
Kathryn Hettler (NY SBN 5126065)
Seth Pavsner (NY SBN 4969689)
Eugene Zaydfudim (NY SBN 5204334)
HACH ROSE SCHIRRIPA & CHEVERIE LLP
112 Madison Ave, 10th Floor
New York, New York 10016
Tel: (212) 213-8311
fschirripa@hrsclaw.com
khettler@hrsclaw.com
spavsner@hrsclaw.com
ezaydufim@hrsclaw.com
Co-Lead Counsel for the Antitrust Tranche

Case 1:21-md-02989-CMA   Document 429   Entered on FLSD Docket 10/22/2021   Page 3 of 3

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