Civil Litigation,
Banking
Jan. 12, 2023
Plaintiffs seek public injunction against Coinbase, for the state
"This case is a unique creature of California law," said plaintiffs' counsel Matthew Borden of Braunhagey & Borden LLP in San Francisco.
Three plaintiffs who previously sued the crypto platform Coinbase Inc. in federal court for allegedly misrepresenting the strength of its cybersecurity measures and failing to support the plaintiffs when "several hundred thousand dollars" were stolen from their accounts, have filed a motion in state court for a public injunction against the company on behalf of the people of California.
The new complaint, filed in San Francisco Superior Co...
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