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Court Rejects Lawsuit Over BitMEX Market Manipulation Again

Court Rejects Lawsuit Over BitMEX Market Manipulation Again
  • Court has dismissed a complaint of the BitMEX market manipulation claims again.
  • Judge William Orrick claims that the plaintiff copied files from different lawsuits filed against BitMEX in NY.
  • Now, the plaintiff will not be able to file any complaint against BitMEX again.

Concerning the recent crypto lawsuit filed against BitMEX crypto exchange, US District Judge William Orrick has just dismissed an amendment document he received from the plaintiff over the motion.

To specify, a group of crypto traders including BMA LLC registered the complaint, and are the plaintiff. However, Judge Orrick clarified why the amendment got rejected. He opined that the plaintiff did a direct copy and paste filing from several different lawsuits against BitMEX in New York. 

Judge Orrick said,

I will not consider those copied allegations, for which the Messieh court will determine plausibility. Plaintiffs’ other allegations are insufficient for the same reasons identified in my previous order.

Moreover, this represents the second time that Judge Orrick has overruled this specific plaintiff’s accusations over BitMEX. This also appears to be in line with how Judge Orrick rejected their first allegation on September 7, this year.

Before dismissing the plaintiff’s claims, Judge Orrick concluded on Law360 that the filling was “conclusory” and “prolix” in nature.

The size and prolix nature […] alone are grounds for dismissal. I have also searched for a plausible claim and cannot find one.

Regarding the allegation, the plaintiff sued BitMEX parent company HDR Global Trading Limited for engaging in market manipulation, racketeering, and money-laundering acts. With this said, the Judge has ruled that the plaintiff will not be able to file any complaint against BitMEX again.

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Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.