Judge Grants Plaintiffs’ Motion To Include New Evidence in Pumpfun Lawsuit
The post Judge Grants Plaintiffs’ Motion To Include New Evidence in Pumpfun Lawsuit appeared on BitcoinEthereumNews.com.
A US court is once again being asked to weigh in on maximal extractable value (MEV) practices after a judge allowed new evidence to be added to a class-action lawsuit tied to a memecoin platform. The judge granted a motion to amend and refile a class-action lawsuit to include new evidence against memecoin launch platform Pump.fun, MEV infrastructure firm Jito Labs, Solana Labs, the Solana Foundation and others. The motion said over 5,000 pieces of evidence in the form of internal chat logs were submitted by a “confidential informant” in September that were previously unavailable. The filing said: “Plaintiffs assert that the logs contain contemporaneous discussions among Pump.fun, Solana Labs, Jito Labs, and others concerning the alleged scheme, and that they materially clarify the enterprise’s management, coordination, and communications.” The first page of the motion to amend the case to include new evidence, which was granted. Source: Burwick Law The lawsuit, originally filed in July, alleges that the Pump.fun platform deliberately misled retail investors by marketing memecoin launches as “fair,” but engaged in a scheme with Solana validators to front-run retail participants through maximal extractable value (MEV). Maximal extractable value is a technique that involves reordering transactions within a block to maximize profit for MEV arbitrageurs and validators. The plaintiffs allege that Pump.fun used MEV techniques to give insiders preferential access to new tokens at a low value, which were then pumped and dumped onto retail participants, who were used as exit liquidity by insiders. Cointelegraph reached out to Burwick Law, the legal firm representing the plaintiffs, as well as Pump.fun, Jito Labs and the Solana Foundation, but did not receive any responses by the time of publication. The allegations in the original lawsuit filing. Source: Burwick Law The lawsuit could set a precedent for MEV cases in the United…
Filed under: News - @ December 19, 2025 6:30 am