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Jump Trading Efforts To Move Terra Lawsuit To California

Jump Trading is requesting that the class action case against the corporation be transferred from Illinois to the Northern District Court of California, stating that this would greatly expedite legal procedures. The defendants stated in the most recent petition, filed on June 9, that the decision to bring the complaint in Illinois was an “effort at forum shopping,” since the plaintiff, Taewoo Kim, is a New Jersey resident represented by legal firms from New York and California. The practice of picking courts or jurisdictions that allegedly have the most favorable rules or regulations that support the plaintiff’s case is referred to as forum shopping.

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