US Court Rejects Coinbase's Bid to Dismiss Shareholder Class Action Lawsuit
CryptoNewsTerminal Staff06 Sep, 2024
US Court Rejects Coinbase's Bid to Dismiss Shareholder Class Action Lawsuit
Coinbase’s request to dismiss a shareholder class action lawsuit has been rejected by a US court. The court stated that the shareholders' allegations of fraud against Coinbase and its executives were sufficiently pled, justifying the denial of the dismissal request. The class action lawsuit was filed in May 2023 by a group of Coinbase shareholders.
