Too much litigation taking place in the US, Canada, and maybe the UK. Not enough taking place in Japan.
Is any Mt. Gox creditor known to be actively involved with the Mt. Gox bankruptcy case? Anybody trying to kick Karpeles out and put a trustee in? Anybody demanding some realistic accounting numbers?
Topic: [2014-03-14] $500 million Canadian class-action lawsuit filed against Mt. Gox (Read 1716 times)
March 16, 2014, 10:47:24 PM
March 16, 2014, 10:28:38 AM
Since the fat fuck file bankruptcy protection, does this filing mean moot?
I have no idea, but the lawyers sure don't have any problems taking this case. Maybe, they're hoping to get some of the money left in Mt. Gox's bank account.
Hopefully, it's a good sign that there's a chance we'll get something back..
Either that, or it's a sign that lawyers are dumb in all countries, not just the US!
March 15, 2014, 05:57:09 AM
Link?
March 15, 2014, 12:23:58 AM
Since the fat fuck file bankruptcy protection, does this filing mean moot?
I have no idea, but the lawyers sure don't have any problems taking this case. Maybe, they're hoping to get some of the money left in Mt. Gox's bank account.
March 14, 2014, 11:52:33 PM
Since the fat fuck file bankruptcy protection, does this filing mean moot?
March 14, 2014, 11:18:47 PM
This Mt. Gox fiasco just keeps getting more interesting
(Reuters) - A class-action lawsuit has been filed in Canada against Mt. Gox, the leading bitcoin exchange that lost more than $400 million of customers' digital currency, along with Mizuho Bank Ltd, one of Japan's largest lenders.
The lawsuit, filed Friday in the Ontario Superior Court of Justice, comes just days after Mt. Gox, based in Tokyo, filed for a U.S. Chapter 15 bankruptcy, which shields the company from lawsuits in U.S. courts.
The plaintiffs are Canadian residents who allege they are owed currency and the value of bitcoins by Mt. Gox that they have been unable to withdraw.
The lawsuit was filed on behalf of "all persons in Canada who paid a fee to Mt. Gox to buy, sell or otherwise trade bitcoins" and all those who had bitcoins or currently stored with Mt. Gox on February 7.
The filing alleges that a lengthy security breach at Mt. Gox resulted in "the pilfering of millions of dollars' worth of its' users' bitcoins."
On February 25 the website was shut down and users who had currency, including bitcoins, in Mt. Gox accounts could no longer access those funds. Approximately 750,000 of users' bitcoins were lost, the lawsuit states.
Mizuho Bank is named in the lawsuit because "all non-bitcoin currency received by the Mt. Gox Defendants from its users was held in an account or accounts" at the Japanese lending institution, the lawsuit said.
The case is David Joyce, et al and MtGox Inc, et al, Ontario Superior Court of Justice, CV-15-500253-00CP.
Quote
(Reuters) - A class-action lawsuit has been filed in Canada against Mt. Gox, the leading bitcoin exchange that lost more than $400 million of customers' digital currency, along with Mizuho Bank Ltd, one of Japan's largest lenders.
The lawsuit, filed Friday in the Ontario Superior Court of Justice, comes just days after Mt. Gox, based in Tokyo, filed for a U.S. Chapter 15 bankruptcy, which shields the company from lawsuits in U.S. courts.
The plaintiffs are Canadian residents who allege they are owed currency and the value of bitcoins by Mt. Gox that they have been unable to withdraw.
The lawsuit was filed on behalf of "all persons in Canada who paid a fee to Mt. Gox to buy, sell or otherwise trade bitcoins" and all those who had bitcoins or currently stored with Mt. Gox on February 7.
The filing alleges that a lengthy security breach at Mt. Gox resulted in "the pilfering of millions of dollars' worth of its' users' bitcoins."
On February 25 the website was shut down and users who had currency, including bitcoins, in Mt. Gox accounts could no longer access those funds. Approximately 750,000 of users' bitcoins were lost, the lawsuit states.
Mizuho Bank is named in the lawsuit because "all non-bitcoin currency received by the Mt. Gox Defendants from its users was held in an account or accounts" at the Japanese lending institution, the lawsuit said.
The case is David Joyce, et al and MtGox Inc, et al, Ontario Superior Court of Justice, CV-15-500253-00CP.
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