Alex Mashinsky’s efforts to quash a civil lawsuit have been denied while Tether celebrated as a class action questioning their reserves was dismissed.
The former chief executive of crypto lending platform Celsius Network, Alex Mashinsky is back on track to face a civil fraud lawsuit after a Supreme Court judge denied his motion to dismiss the case.on Aug. 4 by New York County Supreme Court Justice Margaret Chan denied Mashinsky’s motion to dismiss the suit originally brought by New York Attorney General, Letitia James in January.
Screenshot from denial filing. New York v. Mashinsky, New York State Supreme Court. No. 450040/2023. Source: courts.state.ny.us Celsius filed for Chapter 11 bankruptcy on July 14, 2022, and Mashinsky resigned as CEO in September of that year. Mashinsky's response argued the complaint failed to state a"legally-cognizable" claim against Mashinsky and is otherwise deficient,However, Judge Chan argued there were sufficient allegations to support a plausible inference that Mashinsky's misstatements induced new investors to deposit in Celsius' earn accounts.
The judge has denied the motion to dismiss and has also ordered Mashinsky to file an answer to the complaint within 30 days of the order.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Class Action Lawsuit Against Tether, Bitfinex Dismissed – Legal Bitcoin NewsA high-profile class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed on Friday.
Baca lebih lajut »
Tether, Bitfinex Score Legal Victory as US Lawsuit Is Dismissed.Tether_to Tether, Bitfinex US lawsuit thrown out by court
Baca lebih lajut »
Bitcoin (BTC) Mining Software Libraries to Be Released by TetherPaolo Ardoino, CTO of Bitfinex and Tether, shared details of technical progress of segment of Tether's activity community typically overlooks
Baca lebih lajut »
Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether – Bitcoin NewsOver the last few days, reports have suggested that the 11th-largest bitcoin wallet belongs to the stablecoin issuer Tether.
Baca lebih lajut »
Tether unveils mining software to boost efficiency and capacityTether developers prepare innovative JavaScript libraries for Bitcoin mining hardware to improve mining capacity management. Open-source segments will be available in the future. Tether also invests in sustainable BTC mining through Tether Energy in Uruguay.
Baca lebih lajut »
Alex Marquez beats Bezzecchi to Silverstone sprint victorySpaniard Alex Marquez beat late-charging Marco Bezzecchi to become the fifth different sprint winner in nine rounds of the MotoGP season with victory in the 10 lap race at Silverstone on Saturday.
Baca lebih lajut »