According to BlockBeats, Ledger SAS is facing legal challenges in the United States as consumers allege misleading advertising regarding the security of its cryptocurrency wallet devices. A U.S. federal court has ruled on the matter.
Judge LaShonda A. Hunt of the Northern District of Illinois stated that while the sales contracts for the Nano S and Nano X hardware devices mention the applicability of French law, this reference is not exclusive. The consumer allegations do not depend on the application or interpretation of the contract, thus the contract cannot restrict the location of consumer lawsuits.
Ledger SAS, a type of company structure commonly used in France, is similar to a Limited Liability Company (LLC) in the United States. It offers flexible management structures and shareholder liability protection, typically utilized by small to medium-sized enterprises or startups.