Split 9th Circuit Panel Determines Investor Not Defrauded By Undisclosed Lawsuit

( January 6, 2025, 11:39 AM EST) -- SAN FRANCISCO — A split panel of the Ninth Circuit U.S. Court of Appeals agreed with a federal district court that a cryptocurrency investor did not sufficiently allege federal and state securities fraud claims when he accused the seller of the cryptocurrency of misleading investors by not informing them of a lawsuit the seller filed against the cryptocurrency company’s parent company....