The Delaware Court docket of Chancery in the USA has granted a movement by crypto funding agency Galaxy Digital largely dismissing the case of digital asset custodian BitGo following an deserted acquisition of the corporate in 2022.
In response to court docket paperwork filed June 9, Vice Chancellor J. Travis Laster dismissed BitGo’s lawsuit towards Galaxy Digital with prejudice. The choice adopted Galaxy surrender his choice to amass BitGo in August 2022 in a $1.2 billion deal after appreciable effort, citing breach of contract. BitGo subsequent filed a grievance towards Galaxy claiming $100 million in damages.
Proceed studying on Coin Telegraph
