An ongoing securities lawsuit against payment startup Ripple will stay in federal court, per a recent ruling. The news was announced by lawyer Jake Chervinsky in a tweet on Mar. 1. Continue reading Securities Lawsuit Against Ripple to Stay in Federal Court
A class action lawsuit has been filed against tech giant Nvidia, with the plaintiffs accusing the company of making misleading statements about how it can help mitigate the effects of the reduced demand from the cryptocurrency market. Continue reading Lawsuit Targets Nvidia for ‘False Statements’ on Crypto Mining Revenue
Cryptocurrency and Blockchain organizations in Switzerland, Kazakhstan, and Armenia have recently joined those of Russia, China, and South Korea in filing a joint lawsuit against major Internet companies for banning crypto-related advertising, local Russian news outlet RNS reported Friday, April 6. Continue reading Three More Countries Join Planned Lawsuit Against Internet Giants
US cryptocurrency exchange and wallet provider Coinbase faces a fresh lawsuit, filed March 2, alleging it “kept” funds that its users sent via email, but which recipients never claimed. A class action document filed at the United States District Court for the Northern District of California by Restis Law Firm on behalf of two Coinbase users seeks reimbursement of the funds, including those sent involving now-expired email addresses. The lawsuit implicates not just the two plaintiffs, two US citizens residing separately in Michigan and California, but anyone potentially affected by the alleged practice of not returning unclaimed emailed coins. “[…U]ntil 2017, most people never heard of a ‘bitcoin’ or cryptocurrency, so most of these emails were disregarded. And most of the Cryptocurrency went unclaimed,” the court document suggests.
Another class-action lawsuit, along with a restraining order, has been filed against UK-based Bitconnect, this one in Kentucky.
Brian Paige is suing Bitconnect for an undisclosed sum for operating an alleged online investment scam — a Ponzi scheme — in the second such lawsuit filed against the lending and exchange platform in a week. At least 100 members have joined the class action, reflecting an “amount in controversy” that surpasses $5 million.
The latest class-action lawsuit was filed in the US District Court for Kentucky, Louisville Division on Jan. 29. Paige is being represented by Jasper Ward of Jones Ward PLC in Louisville, Kentucky and Abigale Rhodes Green of an injury law firm that bears her name.