Nguyen
Nguyen v. OKCOIN USA INC.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 MICHAEL NGUYEN, et al., Case No. 22-cv-06022-KAW
Plaintiffs,
ORDER GRANTING MOTION TO
v. COMPEL ARBITRATION
OKCOIN USA INC., Re: Dkt. No. 11 Defendant.
12 Plaintiffs Michael Nguyen and Nader George filed the instant putative class action against Defendants OKCoin USA, Inc., alleging that Defendant misrepresented the stability and financial security of a cryptocurrency called TerraUSD (“UST”), resulting in financial loss to the class. (Compl. ¶ 9, Dkt. No. 1-1.) Pending before the Court is Defendant’s motion to compel arbitration. (Def.’s Mot. to Compel Arbitration, Dkt. No. 11.) The Court previously deemed this matter suitable for disposition without a hearing pursuant to Civil Local Rule 7-1(b). (Dkt. No. 20.) Having considered the parties’ filings and the relevant legal authorities, the Court GRANTS Defendant’s motion to compel arbitration. I. BACKGROUND Defendant is…