BMA LLC v. HDR Global Trading Limited
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 BMA LLC, et al., Case No. 20-cv-03345-WHO
Plaintiffs,
ORDER GRANTING MOTION TO
v. DISMISS SECOND AMENDED
CONSOLIDATED COMPLAINT WITH
HDR GLOBAL TRADING LIMITED, et PREJUDICE al., Re: Dkt. Nos. 155, 174 Defendants.
13 BMA LLC, an entity that is co-owned by multiple individual traders, along with individual 14 traders Vitaly Dubinin, Yaroslav Kolchin, Dmitry Dolgov, and Paun Gabriel Razvan, bring this 15 consolidated action asserting market manipulation and fraudulent inducement theories, among 16 other claims, against five defendants: HDR Global Trading Limited (“HDR”), which owns a 17 cryptocurrency derivatives trading platform called Bitcoin Mercantile Exchange (“BitMEX”); 18 HDR’s wholly-owned subsidiary ABS Global Trading Limited (“ABS”); and, HDR’s co-founders 19 Arthur Hayes, Ben Delo, and Samuel Reed. When I granted defendants’ motion to dismiss the 20 Consolidated Complaint with leave to amend in March, I explained why plaintiffs’…