Tag: lawsuit

June 10, 2020 BY Steffy Bogdanova

Ripple lawyers move for dismissal of fraud charges in an XRP lawsuit

The lead plaintiff Bradley Sostack filed the complaint in the California Court with seven claims against Ripple and Brad Garlinghouse including unregistered offer and sale of securities and fraud claims against the defendants alleging that they made false or misleading statements regarding the virtual currency XRP. The lawsuit alleges that in a few instances the…

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Coinbase crypto exchange expands custodial services in Asia market
January 14, 2020 BY Mariela Naydenova

Coinbase offers nearly $1 million to the Cryptsy victims

Coinbase has recently settled a class-action lawsuit that was filed against the exchange by the victims of the now-extinct cryptocurrency exchange Cryptsy for nearly $1 million. The settlement between the Cryptsy victims and Coinbase was reached in December 2019. The exact amount of the settlement is $962,500 and it will be transferred to an escrow account.…

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August 16, 2018 BY Mariela Naydenova

AT&T gets a $224 million-lawsuit from an angry Bitcoin investor

The world's largest telecommunications companies in the world, AT&T, is getting a lawsuit for $224 million-suit form a Bitcoin investor, according to whom, he lost a considerable amount of money due to AT&T's negligence. Michael Terpin is now suing AT&T for $24 million, because, in his, opinion, the mobile provider has "allowed" a hacker to…

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January 19, 2016 BY Mike Fox

New York Times: Deutsche Bank to face British lawsuit on Forex high-frequency trading price manipulation

A report from Jack Ewing of the New York Times states that "already troubled by recent lawsuits and official investigations, Deutsche Bank (NYSE:DB) is facing another challenge - it's about to be sued in British court for using high-speed trading software." That lawsuit asserts the lender used the trading platform known as Autobahn to take advantage…

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January 13, 2016 BY Mike Fox

Bank of New York Mellon accused of overcharging customers on Forex fees from ADR dividends

Reuters pointed out today that Bank of New York Mellon Corp (NYSE:BK) has been hit with a proposed class action lawsuit accusing it of skimming millions of dollars from clients by overcharging for currency conversions for American Depository Receipt dividends. Filed on Monday of this week in a Manhattan federal court, the lawsuit accused the world's biggest custody…

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November 04, 2015 BY Mike Fox

Singaporean DBS Bank sued by investor after she lost millions in Forex

Singaporean bank DBS Bank we learned today was sued by a "sophisticated" investor, meaning in this case someone with a lot of assets at hand...or to lose. She claims she was given worthless advice causing her to lose millions. So what exactly was the investment advice given to the woman? Singapore's most widely read newspaper…

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February 17, 2015 BY Andrew Saks-McLeod

Client sues UBS over mis-selling of V10 Enhanced FX Carry Strategy

US citizen Walter Michaelson has filed a lawsuit against UBS in a federal court in Florida, which has led to an investigation by the US Department of Justice, which is examining whether UBS traders deliberately overcharged investors such as Mr. Michaelson by carrying out the currency trades needed to execute its V10 Enhanced FX Carry Strategy, with Mr Michaelson claiming that he did not ask for this complex product which lost him $100,000

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