Mizuho Says High Court Ruling Winnows Mt. Gox Claims

Law360, New York (August 16, 2017, 8:21 PM EDT) -- A Japanese bank being sued over the collapse of the Mt. Gox bitcoin exchange told an Illinois federal court Tuesday that it should dismiss claims brought by California and Pennsylvania residents in light of a recent U.S. Supreme Court decision limiting trial courts’ jurisdiction over claims involving out-of-state parties.

Mizuho Bank Ltd. urged the court to reconsider its decision from March 2016 denying the bank’s bid to dismiss the proposed class action, saying the jurisdictional facts of the case are similar to those that prompted the high court in June to rule a California state court lacked specific personal jurisdiction over...

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