Jeong
Jeong v. Nexo Financial LLC
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION 6 JUNHAN JEONG, Case No. 21-cv-02392-BLF
Plaintiff, ORDER GRANTING DEFENDANT'S v. MOTION TO DISMISS AND/OR
STRIKE CLASS ALLEGATIONS
NEXO CAPITAL INC., [Re: ECF No. 74] Defendant.
12 This is a breach of contract and consumer protection case regarding Nexo Capital Inc.’s Crypto Credit service, which allows users to borrow cash by pledging cryptocurrency as collateral. Plaintiff Junhan Jeong alleges that Nexo sold cryptoassets that he and others had staked Nexo in violation of Nexo’s Borrow Terms & Conditions. Jeong also alleges that Nexo engaged in deceptive advertising. Jeong seeks to bring his claims on behalf of himself and three classes. Before the Court is Nexo’s Motion to Dismiss And/Or Strike Class Allegations Pursuant to Federal Rules of Civil Procedure 12(b)(6), 12(f), and 23(d). Mot. 3, ECF No. 74. Nexo asks this Court to strike or dismiss Jeong’s class…