Swan Bitcoin sued former employees it alleged got help from Tether, and now accuses its own law firm of malpractice after it picked up the stablecoin issuer as a client.
Bitcoin financial services company Swan Bitcoin has sued Gibson, Dunn & Crutcher, a law firm it still currently retains, after it hired a lawyer who is representing stablecoin issuer and rival crypto firm Tether.
Swan sued Gibson in California’s Superior Court on Nov. 22, accusing it of legal malpractice, claiming it “wooed and won Swan” to represent it against “former-partner-turned-adversary” Tether before the law firm “embraced Tether as a client and told Swan to get lost.”
Swan claimed one of Gibson’s lawyers called the firm’s CEO Cory Klippsten to warn Swan would need to find other counsel as the law firm hired lawyer Barry Berke, who represents Tether, and there could be a conflict of interest.
