25
Oct
2018

Judge Issues Temporary Dismissal in Bitcoin Cash Lawsuit Against Coinbase

CoinDesk

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Stephen Palley comments on paired rulings in suit against Coindesk:

Coindesk reports a federal court decision dismissing all but one claim in an investor suit against Coinbase, which alleges that "the exchange allowed insiders to trade bitcoin cash prior to its listing on the exchange," harming investors. The plaintiff has three weeks to file an amended complaint, and the judge also denied a Coinbase motion to compel arbitration. Stephen Palley commented on both the dismissal and the arbitration ruling, suggesting that the latter is likely one that will be referred back to in future suits:  "it obviously matters a lot to [Coindesk], they would prefer not to have cases heard or tried in court"... 

Read more:  Issues Temporary Dismissal in Bitcoin Cash Lawsuit Against Coinbase

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