According to the Federal district court for the Northern district of California, Jeffrey Burke (Jeffrey Berk) from Arizona, which in March this year filed against cryptocurrency exchanges Coinbase charges of insider trading while the listing of Bitcoin Cash, failed to provide sufficient evidence of this.
As legal grounds for the consideration of the case was found, and the plaintiff used sweeping generalizations without sufficient understanding of obligations and scope of Coinbase, the court decided to reject the claim. However, the plaintiff has 18 days to dispute the decision.
Recall that although the head of Coinbase previously declared invalidity of the charges in July of this year, the crypto currency exchange has completed its independent internal investigation, having come to the conclusion that the employees of the company and was not engaged in insider trading of Bitcoin Cash. The trial began in December last year due to the sharp growth of the cryptocurrency from $1865 to $4300 before the official announcement of the addition of the asset on Coinbase and GDAX and was conducted by two law firms.