Federal court rules Ledger must fight consumer claims in the U.S.

Odaily Planet Daily News Ledger SAS must deal with consumer allegations in the United States that it misleadingly advertised the security of its cryptocurrency password "wallet" device, a U.S. federal court ruled. LaShonda A. Hunt, a judge in the U.S. District Court for the Northern District of Illinois, said that although the sales contract for the Nano S and Nano X hardware devices mentioned the application of French law, this reference was not exclusive, and the consumer's allegations did not depend on the application or interpretation of the contract, so the contract could not limit the consumer's place of prosecution. "SAS" is one of the types of companies commonly used by French companies. This corporate structure is similar to the "Limited Liability Company" (LLC) in the United States. It provides a flexible management structure and shareholder liability protection, and is often used for small and medium-sized enterprises or startups. (Bloomberg)