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US Supreme Court Backs Coinbase in Key Ruling, Bolsters Companies' Right to Arbitrate Disputes

The U.S. Supreme Court has ruled in favor of a Coinbase Global, Inc (NASDAQ: COIN) subsidiary, reaffirming the power of companies to direct customer and employee conflicts towards arbitration. With a 5-4 vote, the justices decreed that any lawsuits filed in federal court need to be paused lest a defendant appeals for the case to arbitration, Bloomberg reports. Business circles supported Coinbase during this case, arguing that continuing with litigation would lead to needless expenses. Conversely ....

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