“In an internal review conducted throughout this year and released in July, Coinbase claims that no insider trading occurred during the Bitcoin Cash listing, stating that they found no instances of employees or their acquaintances unfairly benefiting from the news. According to documents published on Oct. 23, U.S. District Judge Vince Chhabria from the Northern District Court of California has agreed with the exchange by throwing out a case accusing the exchange of insider trading.”According to the motion, Jeffrey Berk of Arizona didn’t fully articulate the legal grounds for his claims in the lawsuit. The leading judge on the case dismissed the case before it even got to trial saying:
“Berk fails to describe the scope or content of Coinbase’s duty in anything more than broad generalities. A reader of the Complaint is thus left wondering what Coinbase should have done differently, or why the rollout of Bitcoin Cash would have gone more smoothly had Coinbase done whatever Berk thinks is appropriate.”What are your thoughts? Let us know down below in the comments!