BlockBeats news, on April 8, according to Bloomberg, Ledger SAS must respond to consumer allegations in the United States that it misleadingly advertised the security of its encryption coin "Wallet" devices, as ruled by a U.S. federal court. U.S. District Judge LaShonda A. Hunt of the Northern District of Illinois stated that while the sales contracts for Nano S and Nano X hardware devices refer to applicable French law, this reference is not exclusive, and consumers' allegations do not depend on the applicability or interpretation of the contract, thus the contract cannot limit the venue for consumer lawsuits. "SAS" is one of the common types of companies in France, similar to a U.S. "Limited Liability Company" (LLC), which provides a flexible management structure and shareholder liability protection, typically used for small and medium-sized enterprises or startups.
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The US federal court ruled that Ledger must face consumer allegations in the United States.
BlockBeats news, on April 8, according to Bloomberg, Ledger SAS must respond to consumer allegations in the United States that it misleadingly advertised the security of its encryption coin "Wallet" devices, as ruled by a U.S. federal court. U.S. District Judge LaShonda A. Hunt of the Northern District of Illinois stated that while the sales contracts for Nano S and Nano X hardware devices refer to applicable French law, this reference is not exclusive, and consumers' allegations do not depend on the applicability or interpretation of the contract, thus the contract cannot limit the venue for consumer lawsuits. "SAS" is one of the common types of companies in France, similar to a U.S. "Limited Liability Company" (LLC), which provides a flexible management structure and shareholder liability protection, typically used for small and medium-sized enterprises or startups.