Paschini

Paschini v. Wavecrest Payment Services of the Americas, Inc.

Good Law
United States District Court, Southern District of CaliforniaNovember 2, 20203:19-cv-00033California1,436 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 10 MILES PASCHINI, Case No.: 3:19-cv-00033-L-NLS

Plaintiff,

ORDER DENYING WITHOUT

v. PREJUDICE DEFENDANT’S

MOTION FOR PARTIAL

WAVECREST PAYMENT SERVICES

SUMMARY JUDGMENT

OF THE AMERICAS, INC.,

15 Defendant. (ECF No. 50)

17 Pending before the Court in this executive compensation action is Defendant’s motion for partial summary judgment. Plaintiff filed an opposition, and Defendant replied. For the reasons stated below, Defendant’s motion is denied without prejudice. At the relevant time Defendant was a “provider of digital payment solutions,” including cryptocurrency debit cards. (Joint Statement of Undisputed Facts, ECF No. 54- 4 (“Joint Statement”) at 2.) Some of Defendant’s cryptocurrency debit cards were issued under Visa and MasterCard licenses. Visa-branded cards accounted for the majority of Defendant’s revenue. According to Defendant, on January 4, 2018, Visa terminated its license, which…

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