Borrower Seeking Bitcoin Return Split Rights With Parallel UCL Claim, Panel Says

(June 15, 2022, 1:06 PM EDT) -- LOS ANGELES — A California appellate panel on June 14 affirmed a trial court’s order sustaining a demurrer to a borrower’s claim that his lender violated California’s unfair competition law (UCL) by selling bitcoin he pledged as collateral, finding that the action represented “impermissible claim splitting” because he had previously filed a separate suit for damages against the lender based on the same injury....