Supreme Court Considers Whether to Automatically Stay Litigation During an Arbitration Appeal

In 2021, two plaintiffs filed separate class-action lawsuits against Coinbase, one of the largest cryptocurrency exchanges in the U.S.  Coinbase moved to compel arbitration in each case because both plaintiffs signed Coinbase’s User Agreement directing any dispute to arbitration.  The United States District Court for Northern California denied arbitration in both cases.  Coinbase appealed the denial of arbitration and moved to stay the underlying class actions.  The District Court again denied Coinbase’s motion and allowed both the arbitration appeal and the class action litigation to proceed concurrently.

The Ninth Circuit affirmed the District Court in both cases.  […]