Believe Lawsuit Update: Proof of Service Filed in Lee v. Pasternak Class Action — S.D.N.Y.
Burwick Law has filed proof of service in its federal class action against Ben Pasternak, B24, Inc., and the Believe Foundation, confirming that the defendants have been formally served and moving the case forward in the Southern District of New York.
Update
Burwick Law has filed proof of service in Lee v. Pasternak, No. 1:26-cv-02368, the federal class action pending against Ben Pasternak, B24, Inc., and the Believe Foundation in the U.S. District Court for the Southern District of New York. The filing confirms that each defendant has been formally served with the summons and complaint, satisfying the procedural service requirements under the Federal Rules of Civil Procedure and starting the clock on the defendants' deadline to respond.
What the Proof of Service Means for the Case
The filing of proof of service is the procedural step that confirms a defendant has received formal notice of a lawsuit. Once proof of service is on file, defendants are required to answer the complaint or file a responsive motion within the time period set by the Federal Rules of Civil Procedure, generally 21 days after service in federal court. In a class action of this scale, defendants typically respond by filing an answer, a motion to dismiss, or a motion to transfer venue. The case will then move into early case management, including a Rule 26(f) conference and the entry of a scheduling order governing discovery.
Background on Lee v. Pasternak
Burwick Law filed Lee v. Pasternak on March 23, 2026 on behalf of buyers of the $PASTERNAK, $LAUNCHCOIN, and $BELIEVE tokens. According to the complaint, Defendants marketed the Believe platform (formerly Clout) as a legitimate token-launch platform while collecting creator fees on every trade. The complaint alleges that Pasternak ran the same launch playbook three times under three different token names, made at least twelve public buyback promises that were not honored, and executed an October 2025 token migration that diluted existing holders by approximately one-third while allocating significant insider tokens to entities controlled by the defendants. Plaintiffs Joshua Lee and Pierre Montmeas seek to represent a class of all persons who purchased $PASTERNAK, $LAUNCHCOIN, or $BELIEVE tokens beginning in January 2025.
Procedural Status
The case is in the early stages of litigation in the Southern District of New York. With proof of service now on file, the next significant filings will be the defendants' responsive pleadings or motions. Burwick Law will continue to update affected buyers as the case progresses.
How to Get Involved
Buyers of $PASTERNAK, $LAUNCHCOIN, or $BELIEVE tokens who suffered losses may be eligible to participate in the class action. Affected buyers can register with Burwick Law to receive case updates and have their losses evaluated.
References and Sources
- Lee v. Pasternak, No. 1:26-cv-02368, U.S. District Court for the Southern District of New York (filed March 23, 2026)
- Lee v. Pasternak Complaint (PDF)
- Burwick Law on X — Lee v. Pasternak filing announcement
- Federal Rules of Civil Procedure, Rule 4 (Service)
- Federal Rules of Civil Procedure, Rule 12 (Time to Respond)
Note: This article is for informational purposes only and does not constitute legal or financial advice. Always consult with a qualified professional before making investment decisions. Attorney Advertising. No attorney-client privilege is formed on this page. Prior results do not guarantee future outcomes.