[HN Gopher] U.S. Supreme Court Rules in Favor of Coinbase in Use...
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       U.S. Supreme Court Rules in Favor of Coinbase in User Lawsuit
        
       Author : cppherson
       Score  : 6 points
       Date   : 2023-06-26 21:30 UTC (1 hours ago)
        
 (HTM) web link (unchainedcrypto.com)
 (TXT) w3m dump (unchainedcrypto.com)
        
       | JumpCrisscross wrote:
       | Coinbase was "sued on behalf of Coinbase users who allege that
       | Coinbase failed to replace funds fraudulently taken from the
       | users' accounts" [1]. Coinbase's "motion to compel arbitration"
       | was denied. Coinbase filed an interlocutory appeal [2] "from the
       | denial of a motion to compel arbitration," and asked the court to
       | stay "proceedings pending resolution of the arbitrability issue
       | on appeal." SCOTUS said yes: while arbitrability is being
       | decided, the lower court's procedures ( _e.g._ discovery) are
       | stayed.
       | 
       | This makes sense: "If the district court could move forward with
       | pre-trial and trial proceedings while the appeal on arbitrability
       | was ongoing, then many of the asserted benefits of arbitration
       | (efficiency, less expense, less intrusive discovery, and the
       | like) would be irretrievably lost." It is also clearly based in
       | law.
       | 
       | [1] https://www.supremecourt.gov/opinions/22pdf/22-105_5536.pdf
       | 
       | [2] https://en.wikipedia.org/wiki/Interlocutory_appeal
        
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       (page generated 2023-06-26 23:03 UTC)