Bitcoin Latinum Can’t Send Securities Fraud Case to Arbitration

Bitcoin Latinum waived its right to compel arbitration in a securities fraud case, and even if it hadn’t, it failed to show it had a valid arbitration agreement, a federal court said.

Kevin Jonna’s cousins alleged that he made false statements about a business opportunity inducing them to invest almost half a million dollars in Latinum and its cryptocurrency, Token. The case was litigated for two years in the US District Court for the Eastern District of Michigan before Latinum moved to compel arbitration, Judge Laurie J. Michelson said.

Latinum said that an agreement called a Simple Agreement for Future ...