Monitors display Coinbase signage during the company's initial public offering at the Nasdaq MarketSite in New York in 2021. Photo: Michael Nagle/Bloomberg‘BiT Global Lost’: Federal Judge Won’t Stop Coinbase From Delisting wBTC Token
“Ultimately, I have no evidence from you about what is to come,” U.S. District Judge Araceli Martínez-Olguín of the Northern District of California ruled on Wednesday.
December 18, 2024 at 08:49 PM
3 minute read
What You Need to Know
- On Friday, BiT Global called, in part, for a temporary restraining order against Coinbase delisting wBTC from its exchange.
- Coinbase argued that it moved to delist wBTC from its exchange due to its connection to TRON crypto founder Justin Sun.
- U.S. District Judge Araceli Martínez-Olguín, who presides in the Northern District of California, denied issuing a temporary restraining order to stop the listing of wBTC on the Coinbase platform.
A federal district court judge in San Francisco delivered bad news to BiT Global Digital Ltd. on Wednesday in its dispute with Coinbase Global Inc.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Related Stories
View AllYou Might Like
View All
‘Badge of Honor’: SEC Targets CyberKongz in Token Registration Dispute
3 minute read
Coinbase Justifies wBTC Delisting by Pointing to Justin Sun Connection
4 minute read
Foreign Ownership Laws Blocked by Federal Judge in Blow to State Attorney General
5 minute read
Coinbase Hit With Antitrust Suit That Seeks to Change How Crypto Exchanges Operate
3 minute readTrending Stories
- 1Aging Condo Neglect Leads to $1M Payout in Miami Beach Slip and Fall
- 2‘BiT Global Lost’: Federal Judge Won’t Stop Coinbase From Delisting wBTC Token
- 3Some Elite Universities Favor Wealthy Students in Admissions Decisions, Lawsuit Alleges
- 4Judge Asks: Should Tom Girardi Serve Sentence in a Medical Facility or Behind Bars?
- 5EPA grants California authority to ban sales of new gas cars by 2035. Action faces reversal by Trump
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
