Lawyer: Bitcoin Cash Ruling a ‘Mixed Bag’ for Coinbase
A federal judge has granted Coinbase’s motion to dismiss a lawsuit that claimed the cryptocurrency exchange operator had allowed insider trading related to its Dec. 2017 launch of bitcoin cash (BCH) trading.
The order, filed on Tuesday by U.S. District Court Judge Vince Chhabria, dismissed plaintiff Jeffrey Berk’s claims, stating that he had failed to present a legal basis for his allegation that Coinbase was liable for investor losses related to the infamous BCH rollout, which saw the bitcoin cash price spike wildly in advance of the surprise launch.
https://www.ccn.com/lawyer-bitcoin-cash-ruling-a-mixed-bag-for-coinbase/
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