Delaware Supreme Court allows BitGo's $100M lawsuit against Galaxy Digital to proceed, overturning a lower court's ruling.
Delaware Supreme Court allows BitGo's $100M lawsuit against Galaxy Digital to proceed, reversing a lower court's ruling. BitGo alleges Galaxy breached a May 2021 merger agreement due to financial losses during the crypto bear market, while Galaxy claims the deal fell through due to BitGo's delayed financial statements. The court enables BitGo to consider extrinsic evidence to resolve ambiguity in the case.
May 25, 2024
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