In re BAM Trading Services Inc. Securities Litigation
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 10 JEFFREY LOCKHART, Case No. 22-cv-03461-JSC
Plaintiff,
ORDER RE: MOTION TO COMPEL
v. ARBITRATION
BAM TRADING SERVICES INC., et al., Re: Dkt. No. 40 Defendants.
16 Jeffrey Lockhart brings this putative securities class action against BAM Trading Services Inc., and its CEO Brian Shroder following the May 2022 collapse of the algorithmic stablecoin UST (a form of cryptocurrency). Defendants’ motion to compel arbitration is now pending before the Court. (Dkt. No. 40. 1) Having considered the parties’ briefs and having had the benefit of oral argument on February 2, 2023 and March 5, 2024, as well as supplemental briefing following the Ninth Circuit Court of Appeals decision in Bielski v. Coinbase, Inc., 87 F.4th 1003, 1014 (9th Cir. 2023), and again following the March 5, 2024 hearing, the Court GRANTS the motion to compel arbitration. // // 27 BACKGROUND A. Parties …