Legal
Coinbase Wins at Supreme Court as Ruling Backs Arbitration
- Justices vote 5-4 to halt lawsuits during arbitration appeal
- Businesses say allowing litigation creates unnecessary costs
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The US Supreme Court sided with a Coinbase Global Inc. unit in a ruling that reinforces the ability of companies to channel customer and employee disputes into arbitration.
The justices, voting 5-4, ruled that lawsuits filed in federal court must be put on hold while a defendant presses an appeal that would send the case to arbitration.