This reddit poster seems to have attended the court.
http://www.reddit.com/r/dogecoin/comments/2noucz/moolah_in_court_day_zero_kennedy_ordered_to_pay/
Here's his account of what happened.
This particular court date actually happened, because Ryan Kennedy demanded that SYSCoin put forward £100,000 in securities to cover any potential legal costs suffered by Ryan Kennedy. This type of request also has the additional side-effect of prolonging a case, and adding to the legal fee's of a plaintiff (due to them needing to present an argument against paying such security costs etc). It was assumed that due to the large asking price, and the evidence against Kennedy requiring such securities, that he would be present in court.
Proceedings went as follows;
Court was presided over by His Honor, Judge Seymour.
Ryan Kennedy failed to attend this court date. Kennedy's solicitors were present.
The initial asking of £100,000 in securities was "laughed off" by His Honor, Judge Seymour.
It was confirmed that Kennedy's legal case was not prepared correctly; no agenda nor list of costs were offered to justify the asking of £100,000 in securities.
Kennedy has the right to request a 'fortification' hearing; requiring him to prepare all relevant paperwork and evidences of costs accruing £100,000 in securities.
Kennedy's solicitors instead suggested £13,000 in securities, which was again "laughable", and further rejected by His Honor, Judge Seymour.
Kennedy's solicitors continued to negotiate downwards; eventually settling on £4,000 in securities.
His Honor, Judge Seymour found this amount to be "overly generous" to Kennedy, and instead lowered the required securities to £2,000.
His Honor, Judge Seymour stated that if Kennedy maintains possession of the 750 BTC, that he is required to pay these to SYSCoin by close of business, today.
In the case where Kennedy does not pay the aforementioned 750BTC, the case will proceed as planned.
http://www.reddit.com/r/dogecoin/comments/2noucz/moolah_in_court_day_zero_kennedy_ordered_to_pay/
Here's his account of what happened.
This particular court date actually happened, because Ryan Kennedy demanded that SYSCoin put forward £100,000 in securities to cover any potential legal costs suffered by Ryan Kennedy. This type of request also has the additional side-effect of prolonging a case, and adding to the legal fee's of a plaintiff (due to them needing to present an argument against paying such security costs etc). It was assumed that due to the large asking price, and the evidence against Kennedy requiring such securities, that he would be present in court.
Proceedings went as follows;
Court was presided over by His Honor, Judge Seymour.
Ryan Kennedy failed to attend this court date. Kennedy's solicitors were present.
The initial asking of £100,000 in securities was "laughed off" by His Honor, Judge Seymour.
It was confirmed that Kennedy's legal case was not prepared correctly; no agenda nor list of costs were offered to justify the asking of £100,000 in securities.
Kennedy has the right to request a 'fortification' hearing; requiring him to prepare all relevant paperwork and evidences of costs accruing £100,000 in securities.
Kennedy's solicitors instead suggested £13,000 in securities, which was again "laughable", and further rejected by His Honor, Judge Seymour.
Kennedy's solicitors continued to negotiate downwards; eventually settling on £4,000 in securities.
His Honor, Judge Seymour found this amount to be "overly generous" to Kennedy, and instead lowered the required securities to £2,000.
His Honor, Judge Seymour stated that if Kennedy maintains possession of the 750 BTC, that he is required to pay these to SYSCoin by close of business, today.
In the case where Kennedy does not pay the aforementioned 750BTC, the case will proceed as planned.
Looks to me like Judge S. has a pretty good grip on this.......
