BitGo’s $100M Suit Against Galaxy Digital Can Proceed, Delaware Supreme Court Rules

2024-5-26 23:26

Cryptocurrency custodian BitGo will get a fresh chance to sue financial services firm Galaxy Digital over the two companies’ failed $1.2 billion merger agreement after Delaware’s Supreme Court reversed an earlier ruling to dismiss BitGo’s lawsuit.

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bitgo delaware supreme court digital galaxy billion

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Источник: coindesk.com

bitgo delaware → Результатов: 7

BitGo’s $100M suit against Galaxy can proceed — Delaware Supreme Court

After being dismissed by the Delaware Court of Chancery in 2023, the state’s supreme court ruled the definition of the merger agreement between BitGo and Galaxy was “ambiguous.”

2024-5-26 01:00
court bitgo delaware supreme galaxy ambiguous state

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Victory For Galaxy Digital As Court Throws Out BitGo’s $100M Claim

A United States court in Delaware just dismissed a year-long case between Galaxy Digital, a crypto investment company, and BitGo, a digital asset custody and security company. BitGo filed claims against the crypto investment firm last year over a supposedly botched acquisition deal.

2023-6-14 19:00	Galaxy Digital
digital bitgo court crypto company investment galaxy

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US Court grants Galaxy Digital victory, dismisses $100m BitGo lawsuit

The Delaware Court of Chancery has granted a motion by Galaxy Digital, resulting in the dismissal of BitGo's case following the abandoned acquisition.

2023-6-12 21:30	lawsuit
bitgo digital court galaxy resulting dismissal acquisition

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Galaxy Digital wins dismissal of BitGo lawsuit, looks to non-US markets amid ‘legislative stalemate’

A Delaware court dismissed BitGo’s lawsuit against Galaxy Digital on June 12 for prematurely backing out of its offer to acquire the former for $1. 2 billion. BitGo had argued that the agreement was terminated before it was intended to end and is owed damages under the termination fee clause.

2023-6-13 20:13	legal
bitgo digital galaxy lawsuit agreement terminated former

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BitGo's Suit Against Galaxy Digital Over Canceled $1.2B Purchase Dismissed by Delaware Judge

Crypto custodian BitGo had agreed to a sale to Galaxy Digital in May 2021, but Galaxy pulled out of the deal last August amid the industry’s sustained bear market.

2023-6-13 18:51	Galaxy Digital
galaxy bitgo digital suit out pulled 2021

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BitGo sues Galaxy Digital for acquisition breach, seeks $100M in damages

BitGo has accused Galaxy of “improper repudiation” and “intentional breach” of the merger in a lawsuit filed with Delaware Chancery Court.

2022-9-14 17:03	Law
bitgo breach galaxy merger intentional filed chancery

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Galaxy Digital delays BitGo acquisition to later on in 2022

The acquisition is scheduled to follow Galaxy's domestication in Delaware, which is expected to become effective between Q2 and Q4 of 2022.

2022-4-2 14:13	Stocks
2022 acquisition galaxy expected effective between scheduled

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