Bitcoin

<ul><li>Delaware Supreme Court revives BitGo&#39;s $100M lawsuit, citing ambiguous merger terms.</li><li>BitGo&#39;s lawsuit against Galaxy Digital proceeds after the Supreme Court overturns dismissal.</li><li>Supreme Court rules BitGo-Galaxy merger terms ambiguous, lawsuit to continue.</li></ul>The Delaware Supreme Court has breathed new life into BitGo&#39;s $100 million lawsuit against Galaxy Digital. In a decisive move, the court <a href="https://courts.delaware.gov/Opinions/Download.aspx?id&#61;364290" rel="noopener noreferrer nofollow">reversed</a> an earlier decision that had dismissed BitGo&#39;s claims, allowing the case to proceed and challenging the termination of a substantial $1.2 billion merger agreement between the two companies.On May 22, the Delaware Supreme Court ruled that the language within the merger agreement between <a href="https://cryptotale.org/bitgos-tss-wallet-vulnerability-flagged-by-fireblocks/" rel="noopener noreferrer nofollow">BitGo</a> and Galaxy Digital was &#34;ambiguous.&#34; This ambiguity necessitates the consideration of extrinsic evidence to resolve the dispute.The court’s decision overturned the June 2023 ruling by the Delaware Court of Chancery, which had dismissed BitGo’s lawsuit on the grounds that Galaxy had a &#39;clean termination right.&#39; Galaxy Digital had previously argued that BitGo failed to provide audited financial statements for 2021 in a timely manner, justifying their termination of the merger.<a href="https://cryptotale.org/delaware-supreme-court-revives-bitgos-100-million-lawsuit-against-galaxy/" rel="noopener noreferrer nofollow">Read more - &gt; https://cryptotale.org/delaware-supreme-court-revives-bitgos-100-million-lawsuit-against-galaxy/</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Delaware Supreme Court Revives BitGo's $100 Million Lawsuit Against Galaxy

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