Judge Won’t Dismiss Putative UCL Class Action Against Chinese Bitcoin Mine Maker

Mealey's (August 29, 2022, 1:45 PM EDT) -- SAN JOSE, Calif. — A California federal judge on Aug. 26 denied a Chinese company’s motion to dismiss a putative class action accusing it of violating California’s unfair competition law (UCL) by selling bitcoin mining devices through which it allegedly delivered mined bitcoin to itself rather than customers, with the judge finding that the company netted more than $50 million in revenue from sales to California....

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