CardStarter, Ltd. v. SundaeSwap, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA
CARDSTARTER, LTD.,
Case No. 22-cv-00757-RS Plaintiff, 11 v. ORDER DENYING MOTION TO DISMISS PLAINTIFF’S FIRST SUNDAESWAP, INC., et al., AMENDED COMPLAINT 13 Defendants.
15 I. INTRODUCTION This case involves a scandal within the cryptocurrency community. In the process of supporting the launch of a new cryptocurrency exchange, Plaintiff CardStarter, Ltd. (“CardStarter”), avers that Defendant SundaeSwap Labs, Inc., and a number of its corporate officers (collectively, “SundaeSwap”), executed a bait-and-switch: after promising millions of crypto tokens to CardStarter in exchange for supporting SundaeSwap, Defendants reneged on their offer at the eleventh hour. Not only that, CardStarter avers that SundaeSwap violated a separate contractual promise by supporting one of CardStarter’s competitors. Plaintiff filed its First Amended Complaint (“FAC”) in May 2022, raising five claims…