Legal Opinion

Jeong v. Nexo Financial LLC

District Court, N.D. California

Decided March 29, 2023No. 5:21-cv-02392Unknown

1Opinion

1 2 3 UNITED STATES DISTRICT COURT 4 NORTHERN DISTRICT OF CALIFORNIA 5 SAN JOSE DIVISION 6 7 JUNHAN JEONG, Case No. 21-cv-02392-BLF 8 Plaintiff, ORDER GRANTING DEFENDANT'S 9 v. MOTION TO DISMISS AND/OR STRIKE CLASS ALLEGATIONS 10 NEXO CAPITAL INC., [Re: ECF No. 74] 11 Defendant. 12 13 This is a breach of contract and consumer protection case regarding Nexo Capital Inc.’s 14 Crypto Credit service, which allows users to borrow cash by pledging cryptocurrency as collateral. 15 Plaintiff Junhan Jeong alleges that Nexo sold cryptoassets that he and others had staked Nexo in 16 violation of Nexo’s…

2Cases cited23 opinions

  1. Ashcroft v. IqbalSupreme Court of the United States · 2009
  2. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  3. Amchem Products, Inc. v. WindsorSupreme Court of the United States · 1997
  4. General Telephone Co. of Southwest v. FalconSupreme Court of the United States · 1982
  5. In Re Gilead Sciences Securities LitigationCourt of Appeals for the Ninth Circuit · 2008

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