California Judge Dismisses Coinbase Sweepstakes Claims

By Renee Hickman (August 31, 2022, 11:53 p.m. EDT) – A California federal judge ruled on Wednesday that claims against cryptocurrency exchange Coinbase accusing it of violating California consumer laws during a crypto sweepstakes would not hold, but the judge declined to allow the remaining claims against the company that marketed the sweepstakes to proceed to arbitration.

In the order, U.S. District Judge Sallie Kim granted in part and denied in part Coinbase Global Inc. and Marden-Kane Inc.’s motion to dismiss the claims. She also denied Marden-Kane’s request to move the case to arbitration.

Plaintiff David Suski filed the proposed class action lawsuit against Coinbase and Marden-Kane in June 2021 on behalf…

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