Investors' Suit Barred By Arbitration Clause, Crypto Co. Says

Law360 (October 15, 2019, 9:01 PM EDT) -- The cryptocurrency company behind the Worldwide Asset eXchange told a California federal court on Tuesday that a suit brought by angry investors should be dismissed, given their inability to defeat an arbitration clause.

Worldwide Asset eXchange, or WAX, COO Jonathan Yantis and strategic adviser Malcolm CasSelle filed a reply memorandum in support of a motion to dismiss on Friday, and on Tuesday were joined by the company behind WAX — OPSkins Group Inc — to tell the U.S. District Court for the Central District of California that two investors in their token sale could not avoid arbitrating their claims as outlined...

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