Panel Says Suit Against Crypto Exchange For False Security Claims Not Arbitrable

(September 16, 2024, 11:11 AM EDT) -- SAN FRANCISCO — A California appellate panel affirmed a trial court’s denial of a cryptocurrency exchange’s petition to compel arbitration of claims that it misrepresented the security of its platform in violation of California’s unfair competition law (UCL) and other laws, finding that the plaintiffs’ claims are inarbitrable because they seek public injunctive relief, thereby affirming the opposite conclusion of that reached by a federal judge hearing similar claims brought by some of the same plaintiffs....