Investors Want Centra Tech Sanctioned For Arbitration Push

Law360 (August 6, 2019, 4:43 PM EDT) -- Centra Tech investors asked a Florida federal court Tuesday to sanction the now-defunct cryptocurrency company, saying it has continued to lean on "patently frivolous" arguments in its efforts to compel arbitration over claims it fraudulently raised $32 million in its initial coin offering.

A group of named plaintiffs in the putative class action fired back at Centra Tech Inc.'s renewed bid to compel arbitration and oppose class certification, arguing that a magistrate judge has already deemed the company's motion "meritless." The company had previously claimed the investors had to waive their rights to a class action in order to partake in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!