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May 4, 2023

State case on Coinbase ads remains paused for federal matter

The stay was placed on April 4 by Superior Court Judge Richard B. Ulmer to allow for a ruling on Coinbase’s motion to compel arbitration in the parallel federal court action.

A state court lawsuit seeking a public injunction to prevent cryptocurrency platform Coinbase Inc. from continuing to advertise the strength of its cybersecurity remains paused as a San Francisco judge declined on Wednesday to remove a stay on proceedings.

Matthew Borden of BraunHagey & Borden LLP attempted to lift the stay by arguing that two of the plaintiffs in the state court case are not parties to a separate federal action, where...

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