A California federal judge has ruled that key claims brought by cryptocurrency entrepreneur Justin Sun against World Liberty Financial will remain in federal court, declining the company’s attempt to move Sun’s individual claims into arbitration. The ruling concerns a dispute over Sun’s investment in WLFI, a crypto venture associated with the Trump family, and does not determine whether either side is ultimately liable.
Sun has alleged that World Liberty Financial improperly restricted his WLFI tokens, while the company has disputed his allegations. The case, filed in the U.S. District Court for the Northern District of California in April, names Sun and two companies he controls as plaintiffs. The latest decision instead addresses how parts of the dispute will proceed, leaving the underlying claims to be resolved later.
Judge Leaves Sun’s Individual Claims In Federal Court
The ruling came after World Liberty Financial asked the court to compel arbitration and pause the lawsuit. Arbitration would have moved the dispute away from the ordinary federal court process and into a private proceeding. According to the case docket, World Liberty filed its motion to c...
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