US judge invokes "first-to-sue rule" to transfer lawsuit against Binance to Florida

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PANews
04-22
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PANews reported on April 22 that according to Cointelegraph, U.S. District Judge Barbara Rothstein ruled to transfer a class-action lawsuit against Binance for alleged money laundering assistance from Washington to Florida for trial. The court believed that the case was substantially the same as a lawsuit filed in Florida in 2023 and that applying the "first-to-file rule" could avoid duplicate litigation and improve trial efficiency. Despite the plaintiffs arguing that the case involves additional allegations and added former CEO CZ as a defendant, the court still considered the victim groups to be the same and that the transfer would not affect the case's progress.

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