Bitfinex posted this in their blog. This is a victory according to them, however, there are other news articles that say that the injunction is still blocking Bitfnex's line of credit from Tether. But as also reported in other news articles Bitfinex has collected $1b in funding in their IEO. This will not be a problem hehehe.
Today, the Hon. Joel M. Cohen of the New York Supreme Court (Commercial Division) granted our motion to modify the injunction obtained by the New York Attorney General against our business because the original injunction was vague, overbroad, and not time-limited. The court’s order allows Bitfinex and Tether to continue their normal business activities. It also stipulates that the injunction will expire in 90 days and that the burden to seek any renewal from the court rests squarely on the shoulders of the New York Attorney General’s office, where it belongs. Judge Cohen held that New York’s Martin Act “does not provide a roving mandate to regulate commercial activity.”
This order is a victory in the ongoing defence of our business against the New York Attorney General’s office.
The New York Attorney General’s office has sought to proceed ex parte against us and in bad faith, notwithstanding our previous, historical, and voluntary co-operation with them. We will vigorously defend against any action by the New York Attorney General’s office, and we remain committed, as ever, to protecting our customers, our business, and our community against their meritless claims.
Source https://www.bitfinex.com/posts/363
