Legal Opinion

Essam Saad v. Bakkt Holdings, Inc., Bakkt Crypto Solutions, LLC, Bakkt Marketplace, LLC, and Webull Pay, LLC

District Court, N.D. Illinois

Decided September 2, 2026No. 1:25-cv-11357Unknown

1Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION ESSAM SAAD, ) ) Plaintiff, ) ) v. ) No. 1:25-cv-11357 ) BAKKT HOLDINGS, INC., BAKKT ) Judge Rebecca R. Pallmeyer CRYPTO SOLUTIONS, LLC, BAKKT ) MARKETPLACE, LLC, and WEBULL PAY, ) LLC, ) ) Defendants. ) MEMORANDUM OPINION AND ORDER Plaintiff Essam Saad is a cryptocurrency investor. In 2022, Mr. Saad purchased approximately $250,000 in two cryptocurrencies on a digital platform operated by Defendants Bakkt Holdings, Bakkt Crypto Solutions, Bakkt Marketplace, and Webull Pay. In 2023, Defendants notified Mr. Saad that…

2Cases cited19 opinions

  1. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  2. Universal Health Services, Inc. v. United States ex rel. EscobarSupreme Court of the United States · 2016
  3. Cathleen Silha v. ACT, Inc.Court of Appeals for the Seventh Circuit · 2015
  4. GMG Capital Investments, LLC v. Athenian Venture Partners ISupreme Court of Delaware · 2012
  5. Kuroda v. SPJS Holdings, L.L.C.Court of Chancery of Delaware · 2009

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