Terra has been the target of a second class action lawsuit, and more legal action is likely to be brought against the struggling stablecoin company in the near future.
A Slew Of Lawsuits Against Terra
On Sunday, Bragar Eagel & Squire issued a press statement announcing their plans to bring a lawsuit against Terra. The law firm specializes in representing both individual and institutional investors in complicated financial litigation involving derivatives, securities, and commercial law.
Following the collapse of the Terra ecosystem, the now-famous Dark Knight of Terra, FatManTerra, has announced a class action lawsuit through US attorneys Scott+Scott in an effort to recover UST investments.