Babiak v. Mizuho Bank Ltd.

The court lacked personal jurisdiction over the defendant, a Japanese financial institution. The bank previously did business with a now-defunct company that claimed to be “the world’s most established bitcoin exchange,” wiring cash to the company’s users at their request. The plaintiff asserted that, when the bank cut ties with the bitcoin exchange, it tortiously interfered in his relationship with the company. But the bank was located at all times in Japan and conducted no activities in Virginia; all contacts with Virginians were initiated by the latter.

Motion to dismiss granted.

Babiak v. Mizuho Bank Ltd., No. 1:18cv352, Sept. 17, 2018. EDVA at Alexandria (O’Grady).

Categories: Opinions, U.S. District Court - Eastern District of Virginia

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