The Delaware Supreme Court has ruled against dismissing a $100 million lawsuit by crypto firm BitGo against Mike Novogratz’s Galaxy Digital. The suit alleges that Galaxy Digital failed to make good on its agreement to purchase BitGo, which would have made it one of the biggest players in the cryptocurrency industry. The ruling allows BitGo to proceed with its lawsuit, which will next move onto the discovery phase where more details about the failed deal will likely emerge.
BitGo’s $100M Suit Against Galaxy Gets Green Light from Delaware Supreme Court
The Delaware Supreme Court has ruled against dismissing a $100 million lawsuit by crypto firm BitGo against Mike Novogratz’s Galaxy Digital. The suit alleges that Galaxy Digital failed to make good on its agreement to purchase BitGo, which would have made it one of the biggest players in the cryptocurrency industry. The ruling allows BitGo to proceed with its lawsuit, which will next move onto the discovery phase where more details about the failed deal will likely emerge.
