In re BAM Trading Services Inc. Securities Litigation

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Case overview

Case Number:

3:22-cv-03461

See also:

Court:

California Northern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Jacqueline Scott Corley

Firms

Companies

Sectors & Industries:

  1. April 26, 2024

    Binance Can Arbitrate Suit Over Terra Stablecoin Collapse

    A California federal judge ruled Friday that Binance can arbitrate a proposed class action alleging the company misrepresented the stability of "algorithmic stablecoin" TerraUSD, rejecting the plaintiff's argument he is an "unsophisticated consumer" who could not "clearly and unmistakably" delegate the question of arbitrability to the arbitrator and not the court.

  2. January 05, 2023

    Binance Investor Fights To Keep Terra Suit Out Of Arbitration

    An investor who used cryptocurrency exchange Binance to buy TerraUSD, a so-called "algorithmic stablecoin" that has since collapsed, has asked a San Francisco federal judge to keep his proposed class action against Binance and its CEO in court instead of sending them to arbitration.

  3. June 13, 2022

    Binance Hit With Investor Suit Over Terra Stablecoin Collapse

    Cryptocurrency exchange Binance was hit with a proposed class action in California federal court on Monday claiming the company misrepresented the stability of "algorithmic stablecoin" TerraUSD and that it failed to protect investors by offering the now-collapsed stablecoin on its platform. 

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