Crypto.com operator Foris Dax wins dismissal of cookie privacy suit as plaintiffs get 30 days to refile
- Published
A federal judge in California dismissed a privacy class action against Crypto.com’s operator after finding the two plaintiffs had not shown standing. The dismissal was without prejudice, and the plaintiffs were given time to amend and refile the case.
Key claims & sources
What it means
Crypto.com users and the two plaintiffs are the immediate people affected, because the class action is no longer active in its current form and the case can be refiled. Foris Dax remains under the same lawsuit caption for now only if an amended complaint is filed, and the dismissal order was entered in California on October 6.
The practical change is that the case was dismissed without prejudice rather than decided on the merits, so the filing can be amended instead of ending there. What stays the same is that the dispute still centers on alleged website tracking and whether the plaintiffs can show concrete injury, which the court said they had not shown. (per tokenpost.com)
Market reaction i
Cronos rose 1.7% in the 4 hours after the first headline, after falling 1.8% in the 2 hours before.
47 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 32 days ago | Federal judge dismisses privacy lawsuit against Crypto.com over cookie tracking event | 1 actors in common · 3 news media |
| 37 days ago | ICBA Sues OCC Over Crypto Trust Charters event | 1 actors in common · 9 news media |