Lawyer: Bitcoin Cash Ruling a ‘Mixed Bag’ for Coinbase

in #blockchain-news • 6 years ago

On Tuesday U.S. District Court Judge Vince Chhabria granted Coinbase’s motion to dismiss a lawsuit accusing the cryptocurrency exchange of being complicit in insider trading. Plaintiff Jeffrey Berk claimed that the exchange operator had allowed insider trading to occur before the December 2017 launch of Bitcoin Cash (BCH). Judge Chhabria concluded that Berk failed to present a legal basis for his allegations, but Stephen Palley, a lawyer familiar with the case, says the order is a “mixed bag” for Coinbase. Palley points out that while the Judge dismissed Berk’s claims, he is allowed a 21-day window to amend his complaint if it can be better grounded within a solid legal argument.

Source: https://www.ccn.com/lawyer-bitcoin-cash-ruling-a-mixed-bag-for-coinbase/

#news #blockchain #steem #steemit
6 years ago in #blockchain-news by
$0.00
    2 votes
    Reply 0

    Coin Marketplace

    STEEM 0.20
    TRX 0.15
    JST 0.029
    BTC 64359.49
    ETH 2619.41
    USDT 1.00
    SBD 2.83