BitGo Confirms Filing Lawsuit Against Galaxy Digital, Seeks $100M in Damages

BitGo confirmed earlier today that it had filed a lawsuit against the Mike Novogratz-spearheaded company seeking damages in excess of $100 million.

Galaxy Digital had planned to acquire BitGo earlier in the year, but it pulled out of the deal last week.

BitGo confirmed that the lawsuit was filed against Galaxy in a Twitter thread on September 13. The company claimed that it seeks “more than $100m” in damages due to Galaxy’s “improper repudiation of its merger agreement.”

“BitGo believes that the complaint does not contain confidential information. However, it was filed under seal at Delaware Chancery Court in an excess of caution in case Galaxy claims otherwise. Galaxy may wish to redact certain allegations before the complaint becomes publicly accessible. The court rules state that even if certain information is removed, the complaint should still be available to the public within five minutes of Thursday ET.

CryptoPotato’s first post was BitGo Confirms It Files a Lawsuit Against Galaxy Digital. They are seeking $100M in Damages

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Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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