CoinLab suing MtGox for $75 milliion? - page 13.

tvbcof

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Quote from: Kluge on May 02, 2013, 08:09:36 PM

Quote from: tvbcof on May 02, 2013, 08:08:29 PM

Quote from: repentance on May 02, 2013, 07:44:18 PM

...
This is gonna be interesting given that there are very high profile Bitcoin people on both sides of this lawsuit (Roger Ver is a CoinLab investor).

Yet another lawsuit involving Mr. Ver. There go some more of my tax dollars to support Bitcoin participants. I'm not complaining per-se...but sheesh. Can't these guys just shoot eachother or something?

Doesn't the losing party in civil court generally pay court costs?

Certainly not if they are indigent. "Can't get blood from a turnip" so they say.

Kluge

donator

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Quote from: tvbcof on May 02, 2013, 08:08:29 PM

Quote from: repentance on May 02, 2013, 07:44:18 PM

...
This is gonna be interesting given that there are very high profile Bitcoin people on both sides of this lawsuit (Roger Ver is a CoinLab investor).

Yet another lawsuit involving Mr. Ver. There go some more of my tax dollars to support Bitcoin participants. I'm not complaining per-se...but sheesh. Can't these guys just shoot eachother or something?

Doesn't the losing party in civil court generally pay court costs?

tvbcof

legendary

Activity: 4690

Merit: 1276

Quote from: repentance on May 02, 2013, 07:44:18 PM

...
This is gonna be interesting given that there are very high profile Bitcoin people on both sides of this lawsuit (Roger Ver is a CoinLab investor).

Yet another lawsuit involving Mr. Ver. There go some more of my tax dollars to support Bitcoin participants. I'm not complaining per-se...but sheesh. Can't these guys just shoot eachother or something?

jubalix

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no court stamp on the Doc that I can see

johnblaze

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Quantum_Negatum

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If real, the complaint should be available at http://www.pacer.gov/

*edit*

I couldn't locate the case on PACER. I'll check again tomorrow.

Ultraviolet

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Quote from: Inedible on May 02, 2013, 08:00:27 PM

In the meantime, maybe someone's trying to pick up some cheap Bitcoins.

Possible. However, in the document it says it was filed May 2 (today), so it's very reasonable that it hasn't been served yet.

Quantum_Negatum

member

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Could be real even if Gox hasn't received the Complaint yet. Federal civil actions must be filed with the court before serving the defendant. See below.

http://www.law.cornell.edu/rules/frcp/rule_3

Inedible

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What doesn't kill you only makes you sicker!

Quote from: Ultraviolet on May 02, 2013, 07:59:14 PM

Quote from: repentance on May 02, 2013, 07:57:26 PM

There's a link to the court documents in the Gawker article.

http://www.scribd.com/doc/139160091/Coinlab-v-Mt-Gox

If this is legit and Gox hasn't yet been served then it would be because Coinlab's attorneys have already filed the suit, but have yet to serve. A court house search in that jurisdiction would confirm or debunk this, but that won't be possible until tomorrow anyway.

In the meantime, maybe someone's trying to pick up some cheap Bitcoins.

Inedible

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What doesn't kill you only makes you sicker!

Quote from: repentance on May 02, 2013, 07:57:26 PM

There's a link to the court documents in the Gawker article.

http://www.scribd.com/doc/139160091/Coinlab-v-Mt-Gox

Trouble with that document is it's hard to verify it's authenticity.

Ultraviolet

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Quote from: repentance on May 02, 2013, 07:57:26 PM

There's a link to the court documents in the Gawker article.

http://www.scribd.com/doc/139160091/Coinlab-v-Mt-Gox

If this is legit and Gox hasn't yet been served then it would be because Coinlab's attorneys have already filed the suit, but have yet to serve. A court house search in that jurisdiction would confirm or debunk this, but that won't be possible until tomorrow anyway.

repentance

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Quote from: empoweoqwj on May 02, 2013, 07:48:56 PM

Just make sure this is a true story before spreading it everywhere.

Yesterday we had false story of MtGox being raided by police. Today MtGox being sued for $75m.

It might well be true, but please someone contact CoinLab first to verify.

"Coinlab is demanding $75 million in damages, and even that, it says, "likely underestimates the actual damages.""

Lawyers normally demand far more damages than "actual damages" - is this really real?

There's a link to the court documents in the Gawker article.

http://www.scribd.com/doc/139160091/Coinlab-v-Mt-Gox

Inedible

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What doesn't kill you only makes you sicker!

Quote from: thebaron on May 02, 2013, 07:52:06 PM

Quote from: Inedible on May 02, 2013, 07:47:29 PM

I predict a 25% loss in value by this time tomorrow evening.

Wonder what would happen if they disable those customer accounts right now...

Are you looking to buy cheap Bitcoins?

Inedible

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What doesn't kill you only makes you sicker!

Quote from: empoweoqwj on May 02, 2013, 07:51:06 PM

Quote from: Inedible on May 02, 2013, 07:49:35 PM

Quote from: empoweoqwj on May 02, 2013, 07:48:56 PM

Just make sure this is a true story before spreading it everywhere.

Yesterday we had false story of MtGox being raided by police. Today MtGox being sued for $75m.

It might well be true, but please someone contact CoinLab first to verify.

CoinLab have already said they haven't been served yet.

CoinLab are the people serving the writ. Its MtGox that said they haven't been served yet.

That's what I said Grin

thebaron

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Quote from: Inedible on May 02, 2013, 07:47:29 PM

I predict a 25% loss in value by this time tomorrow evening.

Wonder what would happen if they disable those customer accounts right now...

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Inedible on May 02, 2013, 07:49:35 PM

Quote from: empoweoqwj on May 02, 2013, 07:48:56 PM

Just make sure this is a true story before spreading it everywhere.

Yesterday we had false story of MtGox being raided by police. Today MtGox being sued for $75m.

It might well be true, but please someone contact CoinLab first to verify.

CoinLab have already said they haven't been served yet.

CoinLab are the people serving the writ. Its MtGox that said they haven't been served yet.

Inedible

hero member

Activity: 700

Merit: 500

What doesn't kill you only makes you sicker!

Quote from: empoweoqwj on May 02, 2013, 07:48:56 PM

Just make sure this is a true story before spreading it everywhere.

Yesterday we had false story of MtGox being raided by police. Today MtGox being sued for $75m.

It might well be true, but please someone contact CoinLab first to verify.

CoinLab have already said they haven't been served yet.

empoweoqwj

hero member

Activity: 518

Merit: 500

Just make sure this is a true story before spreading it everywhere.

Yesterday we had false story of MtGox being raided by police. Today MtGox being sued for $75m.

It might well be true, but please someone contact CoinLab first to verify.

"Coinlab is demanding $75 million in damages, and even that, it says, "likely underestimates the actual damages.""

Lawyers normally demand far more damages than "actual damages" - is this really real?

Inedible

hero member

Activity: 700

Merit: 500

What doesn't kill you only makes you sicker!

I predict a 25% loss in value by this time tomorrow evening.

repentance

hero member

Activity: 868

Merit: 1000

Quote

It didn't work out that way, according to a lawsuit filed today by Coinlab's attorneys in Washington State. Coinlab alleges that Mt. Gox has breached a contract clause which was supposed to give Coinlab exclusive access to the North American market. "Defendants have breached the exclusivity provisions of the Agreement by directly servicing customers in the United States and Canada since the Agreement took effect," the lawsuit states.

Coinlab also says Mt. Gox hasn't allowed them to transition existing U.S. and Canadian customers from Mt. Gox to Coinlab, as agreed in the contract. "Despite repeated requests to do so, Mt. Gox has failed to deliver all passwords, Yubikeys, administrative logins and any other security information required so that CoinLab may assume operation of the Bitcoin exchange services for customers in the United States and Canada."

Coinlab is demanding $75 million in damages, and even that, it says, "likely underestimates the actual damages."

http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656?rev=1367540238

This is gonna be interesting given that there are very high profile Bitcoin people on both sides of this lawsuit (Roger Ver is a CoinLab investor).

Topic: CoinLab suing MtGox for $75 milliion? - page 13. (Read 19439 times)