Stock Market News

U.S. Supreme Court sides with Coinbase in arbitration ruling – Bloomberg

2023.06.23 13:37


© Reuters US Supreme Court sides with Coinbase (COIN)in arbitration ruling – Bloomberg

Bloomberg reported Friday that Coinbase (NASDAQ:) won at the U.S. Supreme Court in a ruling that reinforces a company’s ability to channel customer and employee disputes into arbitration.

Coinbase shares are up more than 5% at the time of writing, trading at $60.52 per share, adding to its more than 60% year-to-date gains.

The publication reported that in a 5-4 vote, the justices ruled that lawsuits filed in federal court must be held while a defendant presses an appeal that would send the case to arbitration.

They added that various business groups supported Coinbase in the case, stating that letting litigation go forward would impose unnecessary costs.

However, judges should have the ability to decide which claims should proceed during appeal, consumer advocates stated, as courts do with other areas of the law.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,467.38 0.95%
ethereum
Ethereum (ETH) $ 3,509.78 4.30%
tether
Tether (USDT) $ 1.00 0.13%
solana
Solana (SOL) $ 254.26 1.44%
bnb
BNB (BNB) $ 668.61 0.71%
xrp
XRP (XRP) $ 1.50 6.38%
dogecoin
Dogecoin (DOGE) $ 0.430734 2.86%
usd-coin
USDC (USDC) $ 1.00 0.16%
cardano
Cardano (ADA) $ 1.06 2.45%
staked-ether
Lido Staked Ether (STETH) $ 3,507.05 4.00%
avalanche-2
Avalanche (AVAX) $ 46.08 12.65%
tron
TRON (TRX) $ 0.210994 0.04%
the-open-network
Toncoin (TON) $ 6.26 1.61%
stellar
Stellar (XLM) $ 0.527745 6.31%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 2.30%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,143.22 3.51%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,422.37 0.65%
polkadot
Polkadot (DOT) $ 9.03 5.20%
chainlink
Chainlink (LINK) $ 18.88 10.84%
bitcoin-cash
Bitcoin Cash (BCH) $ 526.25 5.02%
weth
WETH (WETH) $ 3,515.80 4.26%
sui
Sui (SUI) $ 3.45 2.08%
pepe
Pepe (PEPE) $ 0.00002 2.00%
near
NEAR Protocol (NEAR) $ 6.82 7.33%
leo-token
LEO Token (LEO) $ 8.34 4.29%
litecoin
Litecoin (LTC) $ 98.46 0.54%
uniswap
Uniswap (UNI) $ 11.89 8.97%
aptos
Aptos (APT) $ 12.75 4.54%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,697.31 4.39%
internet-computer
Internet Computer (ICP) $ 12.61 12.22%
hedera-hashgraph
Hedera (HBAR) $ 0.146987 0.92%
usds
USDS (USDS) $ 1.00 0.11%
crypto-com-chain
Cronos (CRO) $ 0.191877 0.48%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.597843 7.76%
ethereum-classic
Ethereum Classic (ETC) $ 31.15 9.21%
render-token
Render (RENDER) $ 8.04 2.78%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.54 3.96%
kaspa
Kaspa (KAS) $ 0.15617 4.25%
bittensor
Bittensor (TAO) $ 533.10 1.25%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.13%
arbitrum
Arbitrum (ARB) $ 0.912998 7.86%
whitebit
WhiteBIT Coin (WBT) $ 24.48 0.27%
filecoin
Filecoin (FIL) $ 5.84 3.26%
vechain
VeChain (VET) $ 0.04358 3.10%
bonk
Bonk (BONK) $ 0.000047 3.05%
dai
Dai (DAI) $ 1.00 0.19%
celestia
Celestia (TIA) $ 8.02 11.27%
cosmos
Cosmos Hub (ATOM) $ 8.70 2.38%
blockstack
Stacks (STX) $ 2.23 11.02%
okb
OKB (OKB) $ 55.36 2.83%