Hoppin quoted in Bloomberg Law article analyzing securities claims dismissal in "Bored Ape" class action

Margot Hoppin discussed a federal court's novel application of the Howey test in a recent decision holding that Bored Ape Yacht Club NFTs and related NFT collections issued by Yuga Labs were inadequately alleged to constitute "investment contracts" (and thus securities), in an October 22, 2025 Bloomberg Law article by Martina Barash.  The case is Real v. Yuga Labs, Inc., No. 22-cv-8909 (C.D. Cal.).