Solana Labs Denied Arbitration In Token Crypto Fraud Suit

By Katryna Perera

A California federal judge has denied a motion to compel arbitration in a suit alleging Solana Labs Inc. and its key investors promoted and sold Solana cryptocurrency tokens as unregistered securities, saying that Solana failed to prove that the lead plaintiff agreed to the terms of service that included an arbitration clause, among other things.

 Order attached | Read full article » | Save to favorites »