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9th Circ. May Hear Crypto Investor’s Remand Bid, Judge Says

Law360, Oakland, Calif. (August 1, 2018, 5:20 PM EDT) -- A California federal judge said Wednesday she’s inclined to ask the Ninth Circuit to consider whether a putative securities class action brought by an investor in the cryptocurrency Ripple belongs in state court in light of a recent Supreme Court ruling, saying it’s a complicated question that involves an international class.

During a hearing in Oakland, U.S. District Judge Phyllis J. Hamilton said the fact that the case involves both state and federal claims, and not just federal claims, makes it a “difficult” question.

“I think...
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Case Information

Case Title

Coffey v. Ripple Labs Inc. et al


Case Number

4:18-cv-03286

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Phyllis J. Hamilton

Date Filed

June 1, 2018

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