Judge Rejects Arbitration Bid in Justin Sun v. World Liberty Financial
A California federal judge has ruled that key claims brought by cryptocurrency entrepreneur Justin Sun against World Liberty Financial will remain in federal court.
The ruling concerns a dispute over Sun's investment in WLFI, a crypto venture associated with the Trump family. The case does not determine whether either side is ultimately liable but instead addresses how parts of the dispute will proceed.
Sun has alleged that World Liberty Financial improperly restricted his WLFI tokens, while the company has disputed his allegations.
The judge declined World Liberty Financial's request to move Sun's individual claims into arbitration, which would have moved the dispute away from federal court and into a private proceeding. Arbitration was sought after World Liberty Financial filed its motion on June 2 alongside a motion seeking dismissal of Sun's complaint.