A cryptocurrency exchange site and its founder failed their bid to bring a proposed securities class action to arbitration.
Binance and Changpeng Zhao can’t compel arbitration for claims made prior to Feb. 20, 2019, or enforce a class action waiver included in its terms of use, the US District Court for the Southern District of New York said in a Thursday opinion.
JD Anderson and four other plaintiffs sued Binance in 2020 for violating federal and state securities laws, alleging the site unlawfully offered and sold tokens without ...
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