Judge Questions Duplicate Lawsuits Against Memecoin Platform Pump Fun
Federal Judge Colleen McMahon has raised concerns over two nearly identical lawsuits targeting Pump Fun, a memecoin platform accused of selling unregistered securities. Both complaints, filed by Burwick Law and Wolf Popper within a short timeframe, name the same defendants and seek similar legal relief under the 1933 Securities Act.
The court has demanded an explanation for the duplicative filings, noting the unnecessary legal costs and procedural inefficiency. Judge McMahon emphasized the near-identical allegations—including claims of fraudulent schemes and illicit financial activity—and questioned why the cases shouldn't be consolidated. A ruling on merging the lawsuits could set a precedent for how crypto-related securities litigation is handled.
