Burwick Law expands lawsuit against Pump.fun to include Solana and Jito executives as defendants

Planet Daily News: Law firms Burwick Law and Wolf Popper have expanded the scope of their lawsuit against Pump.fun, naming the Solana Foundation, Solana Labs, Jito, and their executives as defendants, including Solana co-founders Anatoly Yakovenko and Raj Gokal, Solana Foundation Executive Director Dan Albert, Chair Lily Liu, and former Head of Communications Austin Federa. According to the latest amended complaint, the two law firms cited the Racketeer Influenced and Corrupt Organizations Act (RICO) to bring charges against the relevant individuals, claiming that Solana Labs and Jito Labs were intentional participants in token design, fee mechanisms, infrastructure maintenance, and validator coordination, allegedly conspiring and profiting together. The lawsuit also accuses Pump.fun of violating multiple U.S. financial crime prevention regulations, failing to implement anti-money laundering measures, assisting in creating and promoting non-compliant tokens, and infringing on trademark rights. The complaint states that Pump.fun profited approximately $723 million through an "illegal gambling business", and Jito Labs is accused of manipulating trades and skewing profit distribution to bribe recipients. (The Block)