The Delaware Court docket of Chancery in the USA has upheld a lawsuit filed by cryptocurrency funding agency Galaxy Digital, basically dismissing digital asset custodian BitGo’s case after the 2022 the acquisition of the corporate was terminated.
Primarily based on June 9 Based on courtroom paperwork filed, Vice Chancellor J. Travis Laster dismissed BitGo’s criticism in opposition to Galaxy Digital with prejudice. The choice was made in line with Galaxy withdraws its choice in 2022 in August to amass BitGo in a $1.2 billion deal after a serious effort, citing breach of contract. Later, BitGo. filed a lawsuit in opposition to Galaxy demanding 100 million USD damages.
Proceed studying Coin Telegraph.
