Coinbase Slips Most Claims In Suit Over Bitcoin Cash Rollout

Law360 (August 7, 2019, 2:18 PM EDT) -- Cryptocurrency exchange Coinbase Inc. has escaped the majority of the claims brought by a proposed class of investors accusing it of artificially inflating bitcoin cash prices in a botched launch, after a California federal judge gutted the suit, leaving just part of one negligence claim alive.

U.S. District Judge Vince Chhabria on Tuesday also rejected the company's attempt to move the claims into arbitration, calling the question a "close one," but ultimately deciding Coinbase must face the surviving allegation in court.

The proposed class, led by named plaintiff Jeffrey Berk, contends that Coinbase negligently bungled the December 2017 launch of bitcoin...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Judge Analytics