Description
Class action sue against Nexo, alleging that the crypto lending platform suspended Ripple’s digital asset XRP as a payment option and liquidated its customers’ collateral of over $5M in damages.
Legal Significance
Case dismissed with prejudice because the plaintiffs waived their rights to class actions in TOS.
Status
Dismissed
Case No.
5:21-cv-02392
Date Filed
April 1, 2021
Plaintiff
Junhan Jeong
Defendant
Nexo Financial LLCNexo Financial Services Ltd.Nexo Services OÜNexo AGNexo Capital Inc.
Court
USDC Northern District of California
Plaintiff Counsel
Freedman Normand Friedland LLP
Defendant Counsel
Eversheds Sutherland LLP
Major Filings
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