A US court in Miami rejected a revised complaint in the lawsuit, which accused the nine defendants including Kraken founder Jesse Powell, Bitcoin.com founder Roger Ver, Bitmain’s Jihan Wu, and some open source Bitcoin Cash developers. Collusion. U.S. District Court Judge Chris McAliley rejected the amended complaint on March 31, 2021, in accordance with the Federal Rules of Civil Procedure.

Dismissed case

As early as 2018, after the Bitcoin Cash (BCH) and Bitcoinsv (BSV) networks split, a Florida blockchain company called United American Corp-“Unitedcorp (UAC)” tried to sue many well-known cryptocurrency veterans And developers. UAC and its lawyers stated that the nine defendants were allegedly involved in a plan to manipulate the Bitcoin Cash (BCH) cryptocurrency market. The case lasted for more than two years, and on February 3, 2020, Judge Chris McAliley dismissed the lawsuit against the defendant without affecting the defendant, which means that the company can amend the complaint. .

There are now new court documents showing that Judge Chris McAliley has again dismissed the amendment under the Federal Rules of Civil Procedure on Wednesday, March 31, 2021. These allegations do not seem to imply such criminal behavior.

United States of America “failed to state facts”

UAC further accused the defendant of “manipulation power,” which is a level of price manipulation, but he said: “UAC has no dispute that the exchange and the developer and the defendant are engaged in manipulation and manipulation that the court cannot imagine.”

As for the violation of antitrust laws, McCallily’s order said that the argument failed. “As mentioned earlier, the court held that UAC’s failure to charge the facts seems to imply that the defendant committed an antitrust violation. Therefore, I will not talk about whether UAC fully claimed its antitrust status.” McAliley added.

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The Miami judge concluded:

For the above reasons, the court hereby grants [the] Motion for the defendant’s joint dissolution [the] First, the complaint is amended in accordance with the “Federal Rules of Civil Procedure.”

UAC can try to appeal to the U.S. Court of Appeals for the Eleventh Circuit within 30 days to continue the case. The Miami judge added that McAlely’s order further emphasized: “It is futile to allow the UAC to further attempt to state that the defendant violated the Sherman Act. Therefore, the court dismissed the complaint biasedly.”

What do you think of the UAC case being rejected by a Florida judge? Let us know your thoughts on this topic in the comments section below.

Tags in this story

Antitrust cases, antitrust litigation, BCH, BCH developers, BCH developers, Bitcoin Cash BCH, Bitcoinsv (BSV), Bitmain, Chris McAliley, courts, Florida litigation, Jesse Powell, Jihan Wu, Kraken, Roger Ver, Sherman Act, United States Court, UAC, United American Corp, UnitedCorp

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