BlockBeats News: On April 8th, according to Bloomberg, Ledger SAS must respond to consumer allegations in the United States that it misled consumers by promoting the security of its cryptocurrency password "wallet" device. The US federal court has made a ruling.
Judge LaShonda A. Hunt of the Northern District Court of Illinois stated that although the sales contract for the Nano S and Nano X hardware devices mentions the application of French law, this mention is not exclusive, and the consumer's allegations do not depend on the application or interpretation of the contract. Therefore, the contract cannot limit the consumer's place of action.
SAS "is one of the commonly used types of companies in France, which has a structure similar to the" Limited Liability Company "(LLC) in the United States. It provides flexible management structure and shareholder liability protection, and is typically used for small and medium-sized enterprises or start-up companies.
