Crypto Exchange Banka asked an American federal judge to send all members of a collective lawsuit claiming to have sold securities for arbitration, on the pretext that the group abdicated its ability to form a collective lawsuit under the company’s conditions.
The stock market said on May 16 to a federal court in New York that the conditions of the service, which claimed that the separation group agreed upon, has a condition that users agree to arbitrate all claims, along with a condition that prevents users from launching collective actions against Encryption.
“The court must consider that the prosecutors must arbitrate the allegations that accumulated after February 20, 2019, even if the court is committed to its initial decision regarding the allegations that have been accumulated before that and that the abdication of work in the terms of use 2019 can be implemented for all claims of the plaintiffs,” Binance said.
In March, Judge Andrew Carter to reject Binance request to send all the collective lawsuit claims to the arbitration for the users who Buy codes on the stock exchange Between April 1, 2017 and February 20, 2019, he partially denied the proposal of users who bought symbols after 2019 so that a decision could be made to extend the arbitration condition.
Binance said in its latest files that it had updated its conditions in February 2019 to include the arbitration condition and argued that a previous version of the service includes a condition that informs users that Binance could amend the conditions according to the need without any individual notice ..
The Binance case has been rejected before
Judge Carter had stood beside Bennes and rejected the lawsuit in March 2022. Bennes argued that she was not filled with US securities laws because they do not contain a physical headquarters in the country.
The American Court of Appeal for the second circle canceled this decision In March 2024And the higher wisdom later She refused to hear the Binance appeal In January of that year.
Related to: The American judge is transferring a lawsuit to Florida, citing the first ruling to the file
Binance’s legal tangles have escalated in the United States since mid -2013, when the Securities and Stock Exchange Committee filed a lawsuit against the sale of unregistered securities, which was He settled for $ 4.3 billion in November 2023.
Binance has also been slaughtered with a Collective work in Canada In April 2024, the violation of securities laws was claimed after it announced its departure from the country in May 2023.
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