Canadian Lawsuit Seeks $500 Million From Mt. Gox
Lawsuits against Mt. Gox, the now-defunct bitcoin exchange that 'lost' upwards of 700,000 BTC belonging to clients, are growing. New reports indicate that a proposed class-action lawsuit in Canada will seek $500 million for former investors that used Mt. Gox before it tumbled last month. The lawsuit, which targets the exchange, it's owner (Mark Karpeles), and one of the largest banks in Japan (Mizuho Bank), alleges the company was negligent, breached contract, and acted under fraudulent misrepresentation, according to Yahoo Finance Canada. "We're never going to find out what's going on....
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It is also important to note that, in Canada, the “loser’ of a lawsuit is forced to pay the costs to the winner. In this particular case, that amount would total up to several millions of dollars, which is simply not feasible for most Mt. Gox victims. The Mt. Gox lawsuit is keeping a lot of Bitcoin enthusiasts on edge as of late, as many affected victims are still holding out hope of a [partial] refund. But over in Canada, the class action lawsuit against Mt. Gox has been dismissed, which is not good news at all. Canadian Mt. Gox Lawsuit Dismissed. Albeit there is an official trustee for....
A class-action lawsuit filed in the Ontario Superior Court of Justice against the now infamous former Bitcoin exchange, Mt. Gox, and its owner Mark Karpeles, is to be dismissed, leaving many Canadian former exchange customers still without their stolen Bitcoins. Mutual agreement. In a notice released on the Charney Lawyers website, the solicitors representing those who filed the lawsuit said a decision was made by all involved parties to dismiss the class-action lawsuit on 17th June 2016, having come to a mutual agreement presumably over the terms of its dismissal. The implications of this....
According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional breach of its merger agreement” caused the lawsuit.
Bitgo Seeks Damages From Galaxy Digital for Terminated Merger Agreement
On August 16, 2022, Bitcoin.com News reported on billionaire investor Mike Novogratz’s Galaxy Digital terminating the company’s proposed....
A 2014 class action lawsuit by plaintiffs in Canada against defunct bitcoin exchange Mt. Gox has been dismissed. The law firm representing Canadian plaintiffs in the class action against Mt. Gox, a now-defunct bitcoin exchange has revealed that the case will be dismissed. The class action lawsuit was originally brought to the Ontario Superior Court of Justice against MtGox Inc., Mt. Gox KK, Tibanne KK, Mt. Gox North America Inc., Mizuho Bank, Ltd., Mark Karpeles (CEO) and Jed Mccaleb (founder). The case sought $465 million ($500 million CAD) in compensation for Canadians who placed their....
Canadian Pacific – in operation since 1881 – has joined blockchain-based logistics platform TradeLens.