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Coinbase Loses Bid to Force Dogecoin Lottery Case to Arbitration By Reuters

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© Reuters. FILE PHOTO: A representation of a cryptocurrency is seen in front of the Coinbase logo in this illustration taken March 4, 2022. REUTERS/Dado Rovik/Illustrative

Written by Nate Raymond

(Reuters) – A US appeals court ruled on Friday that Coinbase (NASDAQ::) cannot force former customers to use private arbitration instead of the courts to resolve claims related to the cryptocurrency exchange’s sweepstakes.

Four former Coinbase users have sued Coinbase, alleging that the company tricked them into paying $100 or more to enter a June 2021 sweepstakes for a chance to win prizes of up to $1.2 million in Dogecoin cryptocurrency.

Each user agreed to the company’s User Agreement to create an account, which included a clause requiring them to pursue any disputes in arbitration.

Friday’s ruling came a week after the US Supreme Court agreed to review a procedural case from that case and another that Coinbase unsuccessfully sought to force into arbitration.

Business groups say arbitration is more effective than litigation in court. Plaintiffs’ attorneys say arbitration favors the companies and that consumers are better off in court.

But a federal judge refused to force arbitration, and the San Francisco-based US Ninth Circuit Court of Appeals agreed with that decision, citing a provision in the sweepstakes’ official rules that requires disputes to be heard in California courts.

David Harris, the users’ attorney, said they were pleased with the ruling. Coinbase declined to comment.

The case is one of two that Coinbase is appealing to the Supreme Court following Ninth Circuit decisions that refused to suspend trial court proceedings while appealing the justices’ decisions not to force the cases to arbitration.

The other proposed class action lawsuit was filed by Abraham Bielsky, who says he was tricked into allowing a scammer to access his Coinbase account, from which he then stole more than $31,000.

A judge stayed the lawsuit in the lottery case pending appeal, but only after Coinbase asked the Supreme Court to hear the dispute.

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Red Flags That Your Spouse Is Hiding Money (And What To Do About It)

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Marriage can be hard enough without one spouse hiding money from the other.

When financial infidelity occurs in the form of “hidden cash,” a marriage or a live-forever relationship can easily be ended.

The truth is About 30% of American couples suffer from financial infidelity. Other evidence shows that more than 75% of couples describe the hidden money situation as negative and common 10% of these scenarios end in divorce.



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US judge orders Norwegian Cruise Line to pay $110m for use of Cuba port By Reuters

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© Reuters. Norwegian American Airlines cruise ship Marina arrives in Havana Bay, Cuba on March 9, 2017. REUTERS/Alexander Meneghini/File/File Photo

Written by Brian Ellsworth

MIAMI (Reuters) – Norwegian Shipping Line (NYSE) has to pay $110 million in compensation for the use of a port confiscated by the Cuban government in 1960, a US judge said Friday, marking a significant milestone for Cuban Americans. Who are seeking reparations for the Cold War era. Assets confiscation.

The decision by US District Judge Beth Bloom in Miami follows her decision in March that use of the Havana Cruise Terminal constituted smuggling of forfeited property belonging to the plaintiff, Delaware-registered Havana Docks Corp.

The decision read: “The judgment is made in favor of Plaintiff Havana Docks Corporation and against Norwegian Cruise Line Holdings, Ltd.”

“The plaintiff was awarded $109,848,747.87 in damages,” it says, adding that the Norwegian must also pay an additional $3 million in legal fees and costs.

Norwegian Cruise Line did not immediately respond to a request for comment.

Cuban President Miguel Diaz-Canel has sharply criticized the Helms-Burton Act, calling it an extraterritorial violation of international law.

Havana Docks also sued Carnival Cruise Lines (NYSE: ), Royal Caribbean (NYSE:) and MSC under the Helms-Burton Act, which allows US citizens to sue over the use of property seized in Cuba after 1959.

The ruling could fuel more lawsuits by Cuban exiles pursuing claims, worth $2 billion, according to one estimate, over asset seizures under late Cuban leader Fidel Castro.

It may also serve as a reminder to multinational companies of the complexities that can come with doing business in Cuba.

In 2016, US cruise ships began traveling to Cuba for the first time in decades after a détente negotiated by former President Barack Obama eased some provisions of a Cold War US embargo.

But the Trump administration in 2019 ordered a halt to all such cruises amid efforts to pressure Cuba over its support for Venezuelan President Nicolas Maduro, Washington’s ideological foe.

The Trump administration has also allowed US citizens to sue third parties for using property seized by Cuban authorities, a provision of the Helms-Burton Act that every previous president has waived since the law was passed in 1996.

Havana Docs says Cuba, which has been under a US trade embargo for decades, has never compensated it for taking the drug.

The four cruise lines sued in 2019 in the US District Court for the Southern District of Florida. Bloom in March held the companies liable for damages under the Helms-Burton Act, also known as the Libertad Act.

According to the US-Cuban Economic and Trade Council, a nonprofit organization that provides information on relations between the two countries, 5,913 validated claims related to property seized in Cuba represent an estimated liability of nearly $2 billion.

Forty-four lawsuits have been filed under Title III of the Helms-Burton Act, the organization says.

“For the current plaintiffs of Cuban descent, (the decision) will give them a moment of relief,” said John Cavulich, the group’s president. “It will give them a moment to say ‘You can run but you can’t hide,'” Cavulich said.

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Is a Royal Caribbean or Carnival beverage package worth it?

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An all-inclusive beverage package that gives you access to beer, wine, liquor, bottled water, soda, specialty coffee, and even shakes/juices may cost more than your cruise fare.

This is especially true right now when many cruise cabins are being sold at discounted prices while the drinks package prices have gone up.

Deciding whether to purchase a drink package is a challenge because you have to estimate whether you will be drinking enough to cover the cost. Or, more importantly, whether you’d spend more if you decided not to purchase a drink package.



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