Shin

Shin v. ICON Foundation

Good Law
United States District Court, Northern District of CaliforniaAugust 9, 20213:20-cv-07363California6,441 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 MARK SHIN, Case No. 20-cv-07363-WHO

Plaintiff,

ORDER GRANTING IN PART AND

v. DENYING IN PART MOTION TO

DISMISS SECOND AMENDED

ICON FOUNDATION, COMPLAINT; RE-SETTING DATE

FOR CASE MANAGEMENT

Defendant. CONFERENCE

Re: Dkt. No.

13 Plaintiff Mark Shin alleges that defendant ICON Foundation (“ICON”) improperly interfered with his ownership and possession of ICX tokens, a crypto-asset native to the ICON blockchain network (“ICON Network”), which he created while taking advantage of an unintended error in ICON’s protocols. He appears to raise issues of first impression: both parties attempt to apply common law principles to the unique rules of the ICON Network to accuse the other of, among other things, interference with property rights. This area of law, and the rights of the parties, will benefit from a more complete factual record before decisions on the…

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