By McCord Pagan (April 21, 2022, 4:03 PM EDT) -- Binance Holdings Ltd. asked a Texas federal court to be dismissed from a woman's $8 million lawsuit accusing the cryptocurrency exchange and others of orchestrating and aiding a romance scam.
Binance argued that plaintiff Divya Gadasalli lacks jurisdiction over it as the company does not do business in the United States and that Gadasalli fails to show how the exchange knew about the allegedly stolen cryptocurrency funds, according to a filing Wednesday.
"As a threshold matter, the claim against Binance should be dismissed because plaintiff has not — and cannot — meet her burden of establishing that this court has personal...
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!